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Macro - Country Economic Forecasts - India

Publisher Oxford Economics
Published Jan 28, 2026
Length 8 Pages
SKU # OFE20872820

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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