Macro - Country Economic Forecasts - India
Description
We expect India's real GDP to grow by 6.5% this year, following an estimated 7.6% expansion in 2025. Economic activity exceeded expectations last year, supported by the resilience of domestic demand. Private consumption recorded robust gains, underpinned by a cyclical labour market recovery and improving sentiment, and strong government capital expenditure continued to boost investment. In contrast, government consumption played a more subdued role, and contracting exports to the EU weighed on net trade.
Table of Contents
8 Pages
- India: Private consumption provides a cyclical anchor
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Alternative long-run scenarios
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy
- Politics
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