Bank of Baroda

Indian economy expected to clock 6.8 percent growth in 2025-26: report

The Indian economy is projected to grow at a robust 6.8 percent in the financial year 2025-26, driven by strong high-frequency indicators, according to a Bank of Baroda forecast. The report expects nominal GDP growth to be around 10.5 percent during the next financial year. It highlights that key indicators of this growth include robust air passenger traffic, a rise in services PMI, and increased GST collections. Additionally, higher rabi crop sowing is expected to boost agricultural growth, pr...

December 30, 2024 11:26 AM

India’s BoP strengthened by robust inflows from NRI deposits, external commercial borrowing in the quarter: report

India’s Balance of Payments (BoP) witnessed a significant boost in the second quarter of FY25, driven by robust inflows from Non-Resident Indian (NRI) deposits, External Commercial Borrowings (ECBs), and Foreign Portfolio Investments (FPIs), according to a report by the Bank of Baroda. The report highlighted a sharp rise in the capital account surplus, which climbed to $11.9 billion in Q2 FY25, compared to $10.3 billion in the same quarter last fiscal year. The BoP registered an accretion of ...