Overview

• Official National Statistics Office data show GDP grew 6.5% in FY25, the slowest pace in four years but still the highest among major economies
• Economic activity accelerated to 7.4% in the January–March quarter, outpacing estimates and up from 6.2% in Q3
• Rural consumption and government spending fueled gains in construction, which rose 10.8%, and a 5.4% jump in agriculture output in Q4
• Private final consumption expenditure climbed 7.2% in FY25 as retail inflation eased to near six-year lows in April
• Economists expect the RBI to cut its repo rate in June and the IMF forecasts India will surpass Japan’s $4.18 trillion economy in FY26