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Published 13:27 IST, January 31st 2025

Economic Survey 2025 Projects India’s Growth Between 6.3-6.8% In FY26

Recently, the IMF in its World Economic Outlook, projected India’s growth at 6.5 per cent for FY25 and FY26

Reported by: Business Desk
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Economic Survey
Republic | Image: Republic

India's real GDP growth is seen between 6.3-6.8 per cent in FY24, according to the Economic Survey presented in Parliament by Finance Minister Nirmala Sitharaman on January 31. 

"The fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption. On balance of these considerations, we expect that the growth in FY26 would be between 6.3 and 6.8 per cent," said the economic survey released by the government.

The first advance growth estimate put out by the government at the beginning of January pegged India’s growth at 6.4 per cent which is the lowest in the last 4 years. The growth stood at 5.4 per cent in the second quarter of FY25 driven by lower investments and subdued manufacturing. The RBI also in the last monetary policy meeting reduced the growth projection from 7.2 per cent to 6.6 per cent. In the past few years, India’s growth has always been above 7 per cent.

In FY24, the economy grew at 8.2 per cent. The Economic Survey is presented by FM and is framed under the supervision of Chief Economic Advisor V Anantha Nageshwaran for the third time. As the budget is going to be presented on February 1 by FM, the economic survey has set the tone for the full budget. 

IMF Growth Outlook
Recently, the IMF in its World Economic Outlook, projected India’s growth at 6.5 per cent for FY25 and FY26, which is slightly below what the apex bank had projected in the last MPC meeting.  Similarly, Moody projected India’s growth at 7 per cent for FY25. 

Inflation Outlook
The RBI in its last monetary policy meeting raised the inflation outlook to 4.8 per cent from the earlier projected inflation outlook of 4.5 per cent in the last MPC meeting. 
 

Updated 13:30 IST, January 31st 2025