New Delhi
Amidst global instability, India’s economic growth rate is estimated to be 7 percent in the financial year 2025-26. This information was given in the research report of Axis Bank released. The report said that due to the change in the cycle, India’s growth rate will increase once again.
According to the report, from our perspective the decline in growth in the Indian economy in the first half of the financial year 2024-25 is cyclical. This is because credit growth is suffering due to tightening of monetary policy and focus on macro stability. However, increased fiscal spending and CRR cut by the Reserve Bank of India (RBI) will support growth. The report said that political stability in India will also support the growth rate and India’s growth rate may be 7 percent in FY 26.
According to the report, the global situation remains worrying. At present, the growth rate of the global economy is expected to remain stable. However, policy changes are likely to take place after Donald Trump takes charge as President after January 20. Also told that there is a possibility of uncertainty in global trade and financial markets.
According to the report, global growth in calendar year 25 is currently estimated at 3.2 per cent, the same as in calendar year 24, which is 30-40 basis points lower than pre-Covid levels. Earlier in another report, S&P Global Ratings had said that the Indian economy may grow at the rate of 6.8 percent in FY 25. At the same time, this rate is estimated to be 6.9 percent in FY 26.
The report of the Global Credit Ratings Agency said that the GDP growth rate is expected to increase to 7 percent in FY 27. Apart from this, he said that India will remain the fastest growing economy in the world in the current financial year as well as in the coming years.
