NEWS DETAILS

Date: 01/04/2025

GDP growth seen at 6.5 pc for FY26 
 
India’s real GDP growth is projected at 6.4% for FY25 and 6.5% for FY26, stated the March edition of EY Economy Watch, highlighting the need to realign fiscal policy to support the country’s journey towards Viksit Bharat. With a rising population and evolving economic structure, EY said, additional investments in education and healthcare may be essential to sustaining long-term growth and improving human capital outcomes. The EY India report maintained that over the next two decades, India may need to gradually increase its general government education and health expenditures, bringing it closer to levels seen in high-income countries. According to the report, a phased approach to fiscal restructuring can help meet targets without compromising growth. Increasing the revenue-to-GDP ratio from 21% to 29% over time could provide necessary resources while maintaining fiscal discipline, as per a report.
 
Source: Exim News Service: New Delhi, March 31