Amid several factors – both structural and transient – that have contributed to an above 8% real GDP growth in the first three quarters of FY24, one of them was a low GDP deflator.

Like many other countries, India’s GDP deflator puts a lot of weight on wholesale producer prices. These are volatile and grew by only 0.3% over the year.

Jefferies warns that India’s nominal GDP growth may slow to just 9 per cent in FY26—its second-lowest in over two decades, barring the pandemic year. Despite steady real growth, the report ...

India is “easily” the fastest-growing economy in the world, the IMF’s executive director said, as the country’s third-quarter GDP growth blew past estimates.

The Indian government on Tuesday lowered its fiscal deficit target to 4.9% of GDP for the financial year ending March 2025, from 5.1% in the interim budget in February, aided by a hefty surplus ...