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OECD revises India’s FY25 growth forecast upward to 6.7%

Money Control · 10m ago

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The Organisation for Economic Co-operation and Development (OECD) has revised India's growth forecast for fiscal year 2025 (FY25) to 6.7%, up from the previous projection of 6.6%. The OECD also expects growth to increase to 6.8% in FY26. The organisation notes that domestic demand has boosted activity in countries like Brazil, India, and Indonesia, while inflation is projected to rise at a faster rate of 4.5% compared to the previous estimate of 4.3%. However, prices are expected to move towards the Reserve Bank of India's target of 4% in FY26. The OECD highlights geopolitical and trade tensions as potential risks to the outlook.