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Investments will drive FY26 growth to 6.6%: Ind-Ra
Financial Express Kochi
|December 19, 2024
INDIA RATINGS AND Research (Ind-Ra) has projected India's economy to grow 6.6% in FY26, which is 20 basis points (bps) higher than its forecast for FY25, driven by a pick-up in investments.
"Ind-Ra believes India is facing monetary, fiscal and external tightening. While it expects monetary conditions to ease now, the fiscal and external tightening is expected to continue in FY26 as well. Nevertheless, the FY26 growth is expected to be the same as India's best decadal growth (FY11-20)," said Devendra Kumar Pant, chief economist, Ind-Ra.
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