Overview

• Government data confirm India’s real GDP rose 6.5% in FY24–25, securing its spot as the fastest-growing major economy
• Nominal GDP reached $4.30 trillion as merchandise exports climbed to an unprecedented $824.9 billion, narrowing the trade gap
• Consumer inflation cooled to near-target levels while NABARD’s July survey showed rural consumption and incomes on the rise
• Senior BJP figures and union ministers cited the IMF’s July outlook to counter President Trump’s 25% tariff and “dead economy” jibe
• Kotak Mahindra Bank’s chairman warned that US tariffs and global headwinds could temper growth to around 6.2% in FY26