FY26 GDP target raised to 6.4%: UBS

Swiss brokerage UBS Tuesday raised its FY26 GDP growth forecast for India to 6.4 per cent from an earlier 6 per cent, underlining that economic momentum is holding up despite the trade war.

- PRESS TRUST OF INDIA

Official data released last week said India's economic growth slowed to 7.4 per cent in the March quarter, bringing down the annual growth rate to 6.5 per cent during 2024-25. In FY24, the economic growth was 9.2 per cent.

UBS said its expectation of a higher economic growth is driven by a better-than expected domestic demand momentum, a likely easing of tariffs on Chinese imports, hopes of cinching an US-India trade deal, and the tailwind of lower global crude oil prices.