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Updated: 10 Jan 2025
3 Min Read
The United Nations flagship report “ World Economic Situation and Prospects 2025” has predicted that the Indian economy is likely to grow by 6.6% in 2025 and 6.7 % in 2026. The report which was released by the United Nations on 9 January 2025, expects the world economy to grow by 2.8 % in 2025.
The United Nations follows calendar years (January-December) while the Indian government follows a fiscal year April - March national accounting method.
The National Statistical Office (NSO) in its first advance estimates of gross domestic product (GDP) for the fiscal year 2024-25 has estimated a GDP growth of 6.4%. In 2022-23 the growth rate of the Indian GDP was 7% and in 2023-24 it was 8.2%.
Projected India's GDP Growth Rate in 2024-25/2025-26
Following are the forecasts of various global and Indian financial agencies regarding the growth of the Indian economy (as of 10 January 2025).
Agency / Organisation |
GDP forecast for 2024-25 |
GDP Forecast for 2025-26 |
Reserve Bank of India |
6.6% |
- |
World Bank |
7.0% |
6.7% |
International Monetary Fund |
7 % |
6.5% |
Asian Development Bank |
7% |
7.2% |
Moody Rating |
7.2 (2024) |
6.6 %(2025) |
Morgan Stanley |
6.3% |
6.5% |
S&P Global |
6.8% |
6. 7% |
United Nations |
6.6 %(January to December2025 ) |
6.7% (2026) |
OECD |
6.8 % |
6.8% |
Fitch Rating |
6.4% |
6.5 % |
CRISIL |
6.8% |
- |
Citi Bank |
6.8% |
|
Standard Chartered Bank |
7.0% |
|
India Ratings and Research (Ind-Ra) |
6.4 % |
6.6% |
Bank of Baroda |
6.8 % |
|
SBI |
6.3 % |
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