Tag Archives: India economic outlook

India’s services grows (Representative image) India’s services sector expanded at its fastest pace in 11 months in July, supported by a sharp rise in export orders and solid sales growth, according to the HSBC India Services PMI released Tuesday. The Services Purchasing Managers’ Index (PMI) rose marginally to 60.5 in July from 60.4 in June, marking the highest level since …

A United Nations report projects India’s economic growth to moderate to 6.3% in 2025, a slight decrease from previous forecasts, but still among the fastest-growing globally, driven by strong consumption and government spending. While exports face potential challenges from US tariffs, stable employment and declining inflation are expected. Globally, economic prospects are fragile due to trade tensions. India’s economic growth …

The World Bank on Wednesday revised India’s GDP growth forecast for FY 2025-26 down to 6.3 per cent, a 0.4 percentage point cut from its previous estimate of 6.7 per cent. The downgrade reflects global economic headwinds and domestic policy uncertainties, according to the bank’s biannual South Asia Development Update titled Taxing Times.“In India, growth is expected to slow from …

NEW DELHI: India’s current account deficit (CAD) is to remain in a safe zone at approximately 1 per cent of GDP for fiscal 2025, up from 0.7 per cent in the previous year, according to a report by CRISIL.While geopolitical risks will require close monitoring, the strong financial inflows and a steady services trade surplus are expected to provide stability.India’s …