Exim

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Date: 14/01/2025

GDP growth seen at 6.2 pc in FY25; 6.5 pc in FY26: HSBC

India’s real GDP growth will come lower than the official estimate at 6.2% in the ongoing fiscal year and inch up to 6.5% in FY26, according to HSBC. The Q2FY25 growth number at 5.4% was disappointing, HSBC said in a report, adding that it expects the gross value-added growth in the December quarter to go up to 6.5%. It said 65% of the indicators grew at a positive clip in the December quarter compared to 55% in the July-September period, and added that improvements have been the clearest in agriculture, exports and construction. Even urban consumption, which has been discussed a lot in recent weeks in a concerning way, has shown some improvement in the December quarter, as per a release.

Source: Exim News Service: New Delhi, Jan. 13