Domestic demand

October 6, 2026 3:09 PM

World Bank raises India’s FY27 growth forecast to 7.1% from 6.6%

The World Bank has raised its forecast for India's economic growth in FY27 to 7.1 per cent from 6.6 per cent, citing stronger-than-expected economic activity, robust domestic demand and exports. In its latest India Development Update, released on Tuesday, the World Bank said India's medium-term growth prospects remain strong despite global headwinds. The World Bank, however, flagged risks from higher global oil prices, El Nino conditions and potential stock market corrections, which co...

October 6, 2026 12:56 PM

India services growth picks up in September, PMI touches 55.2

India's services sector expanded at its fastest pace in three months in September, supported by stronger domestic demand and a sharp rise in new orders, according to the HSBC India Services PMI released on Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 55.2 in September from 54.1 in August, signalling the strongest expansion in services activity since June. New business also increased sharply during the month, recording its fastest growth in th...

September 1, 2025 3:33 PM

Morgan Stanley revises India’s GDP growth forecast to 6.7% for FY 2025-26

Morgan Stanley has revised upwards its forecast for India’s GDP growth in 2025-26, citing strong April-June quarter numbers and expectations that upcoming cuts in Goods and Services Tax (GST) will boost domestic demand. The agency now projects India’s real GDP growth at 6.7 per cent for 2025-26, compared to its earlier estimate of 6.2 per cent. The upgrade follows the robust 7.8 per cent growth recorded in the April-June quarter of the current financial year. According to the report, impen...

August 19, 2025 8:48 PM

India’s growth momentum intact despite US tariffs: S&P global ratings

India’s long-term growth prospects remain strong despite higher US tariffs, according to S&P Global Ratings, which upgraded the country’s sovereign credit rating to “BBB” with a stable outlook — the first such upgrade in 18 years. The global rating agency cited robust domestic demand, fiscal consolidation, and supportive monetary policy as key factors underpinning the upgrade. It projected India’s economy to grow at an average of 6.8% over the next three years, driven by inf...

July 28, 2025 5:11 PM

With resilient Q1 growth, Indian economy ‘steady as she goes’ in FY26: Centre

The first quarter of FY26 presents a picture of resilient domestic supply and demand fundamentals. With inflation remaining within the target range and the monsoon progressing on track, the domestic economy enters the second quarter of FY26 on a relatively firm footing, according to the Finance Ministry’s Monthly Economic Review for June 2025, released on Monday. The report adds that the economy gives the impression of being "steady as she goes" for the current fiscal year (FY26). India’s m...

May 20, 2025 2:30 PM

India’s capital markets projected to grow steadily in FY26: Report

India's capital markets are projected to grow steadily in FY26, supported by expected GDP growth of 6.2–6.5 per cent and strong domestic demand, according to a new report released on Tuesday. The Nifty 50 is anticipated to deliver 12-15 per cent returns, with EPS estimates around Rs 1,160. While, foreign portfolio investors (FPI) have shown renewed confidence, injecting over $4 billion in recent sessions, according to smallcase managers. Global trade tensions, US tariffs, geopolitical uncert...