Finance Minister Nirmala Sitharaman expects the economy to grow over 7% for 2025–26 (Apr-Mar) on the back of demand pickup. “When prices come down…people do buy more. Only when tax rates reach a certain level beyond sustainable level, demand plateaus out. I think that will sustain, overall this year’s growth number will be 7% or beyond it as well,” Sitharaman said at Hindustan Times Leadership Summit.
India’s GDP grew at a six-quarter high pace of 8.2% in Jul-Sept. After the strong GDP growth in the September quarter, the Reserve Bank of India Friday raised its GDP growth projection for 2025–26 (Apr-Mar) to 7.3% from 6.8% projected earlier. It also scaled up its growth estimates for the last two quarters of the fiscal, with growth in Oct-Dec now seen at 7.0% against 6.4% projected earlier, and that in Jan-Mar expected at 6.5%, against 6.2?rlier. It raised its GDP growth forecast for the first quarter of the next financial year to 6.7% from 6.4. The RBI gave a GDP growth projection of 6.8% for the September quarter of FY27.