India Ratings and Research (Ind-Ra) raises India's FY26 GDP growth projection to 7%

Key facts

• India Ratings and Research (Ind-Ra) expects GDP in FY26 to grow 7 per cent year-on-year.
• Ind-Ra revised forecast 70 basis points higher than earlier 6.3 per cent projected in July 2025.
• Reserve Bank of India (RBI) projected India's GDP growth in current fiscal at 6.8 per cent.
• India's real GDP grew 7.8 per cent in April-June period of FY26.
• India's GDP expanded 6.5 per cent in last fiscal year.
• Ind-Ra expects private final consumption expenditure to grow 7.4 per cent YoY in FY26.
• Private final consumption expenditure grew 7.2 per cent in FY25.
• Indian exports to US fell 11.9 per cent YoY in September 2025.
• Indian exports to US fell 8.9 per cent YoY in October 2025.
• Indian exports to US averaged USD 7.2 billion per month in FY25.
• Indian exports to US averaged USD 7.4 billion from April to October 2025.
• Indian exports to US dropped to USD 5.9 billion during September-October 2025.