NEWS DETAILS

Date: 12/03/2025

GDP seen at 6.5 pc in FY26: Crisil
 
India’s real gross domestic product (GDP) growth is expected to be steady at 6.5% in fiscal 2026, said Crisil, despite uncertainties stemming from geopolitical turns and trade-related issues led by tariff actions by the US. Crisil based it on another spell of normal monsoon and commodity prices continuing to remain soft, plus cooling food inflation, the tax benefits announced in the Union Budget 2025-2026, and lower borrowing costs which are expected to drive discretionary consumption. Meanwhile, manufacturing growth is expected to average 9% per year over fiscal 2025-2031, up from 6% on average in the pre-pandemic decade. The services sector is expected to grow slower, though, Crisil said, but will remain the primary growth driver. As a result, the share of manufacturing in GDP will increase to around 20% from approximately 17% in fiscal 2025, as per a report.
 
Source: Exim News Service: Mumbai, March 11