May 31, New Delhi:
India is poised to remain the fastest-growing major economy in FY26, with GDP growth expected between 6.3% and 6.5%, according to the State Bank of India (SBI). This outlook is underpinned by strong macroeconomic fundamentals, a robust financial sector, and a firm commitment to sustainable growth.
SBI highlighted that higher anticipated domestic savings, as per the latest RBI Annual Report, will sufficiently finance the expected growth, mitigating demand-driven inflationary pressures in FY26. The report further noted that external and geopolitical risks remain the primary downside threats to the economic trajectory.
For FY25, SBI projects GDP growth at 6.5%, supported by a 7.4% expansion in Q4. Capital formation rose 9.4% in the final quarter and 7.1% annually, driven by recovery in industrial and services sectors, with construction leading at 10.8% growth.
Private consumption expanded 7.2%, exports grew 6.3%, while imports contracted 3.7%, including a sharp 12.7% fall in Q4. Manufacturing output increased 4.8%, reflecting broad-based strength across sectors, reinforcing a positive growth outlook for FY26.
(Except for the headline, this story has not been edited by Greater Punjab staff and is published from a syndicated feed.)
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India to Remain Fastest-Growing Major Economy in FY26: SBI
May 31, New Delhi:
India is poised to remain the fastest-growing major economy in FY26, with GDP growth expected between 6.3% and 6.5%, according to the State Bank of India (SBI). This outlook is underpinned by strong macroeconomic fundamentals, a robust financial sector, and a firm commitment to sustainable growth.
SBI highlighted that higher anticipated domestic savings, as per the latest RBI Annual Report, will sufficiently finance the expected growth, mitigating demand-driven inflationary pressures in FY26. The report further noted that external and geopolitical risks remain the primary downside threats to the economic trajectory.
For FY25, SBI projects GDP growth at 6.5%, supported by a 7.4% expansion in Q4. Capital formation rose 9.4% in the final quarter and 7.1% annually, driven by recovery in industrial and services sectors, with construction leading at 10.8% growth.
Private consumption expanded 7.2%, exports grew 6.3%, while imports contracted 3.7%, including a sharp 12.7% fall in Q4. Manufacturing output increased 4.8%, reflecting broad-based strength across sectors, reinforcing a positive growth outlook for FY26.
(Except for the headline, this story has not been edited by Greater Punjab staff and is published from a syndicated feed.)
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