India’s GDP Growth Forecast Revised Upwards to 7.4% for FY26 Amid Easing Inflation

India’s GDP Growth Forecast Revised Upwards to 7.4% for FY26 Amid Easing Inflation
India’s economy is projected to accelerate to 7.4% real GDP growth in fiscal year 2026, surpassing the prior year’s 6.5% expansion, driven by robust domestic consumption rising 7%, controlled inflation at 2%, and supportive monetary easing from the RBI which cut policy rates by 25 basis points to 5.25%. Advance estimates highlight resilient private demand, stable global energy prices, and front-loaded government capex as key anchors, even as US tariffs on exports pose headwinds; this upward trajectory, revised from 6.8% by the RBI, underscores India’s positioning as the world’s fastest-growing major economy with fiscal consolidation targeting a 4.4% def