In FY 2025-26, India’s economy may grow at the rate of 6.5 pct: Report
Vihar Vaishnav: S&P Global Ratings report said that strong domestic demand will play a major role in limiting the economic slowdown in economies like India. Along with this, the country's low dependence on exports will also boost the growth of the economy.
"We expect India's GDP growth rate to be 6.5 percent in FY 2025-26. This forecast takes into account normal monsoon, low crude oil prices, income tax relief and easing of monetary policy," the report on the economies of the Asia-Pacific region said.
The report said that declining food inflation in India will help in keeping the core inflation low. India's wholesale inflation fell to a 14-month low of 0.39 per cent in May from 0.85 per cent in April and 2.05 per cent in March.
At the same time, India's retail inflation rate has ...