Overview

• UNCTAD projects India’s 2025 GDP growth at 6.5%, while Fitch Ratings revises its FY26 estimate slightly downward to 6.4%.
• India remains the fastest-growing major economy, supported by robust public spending and recent monetary easing, including a 25 basis-point rate cut.
• Global growth forecasts for 2025 are downgraded, with Fitch projecting a sub-2% rate, marking the weakest pace since 2009, excluding the pandemic.
• Fitch and Moody’s also lower growth expectations for major economies like the US and China, citing trade tensions and policy unpredictability.
• Developing economies may find some resilience through South-South trade, but global volatility and debt burdens pose significant risks.