The Lingering Old Fiscal Was a Let Down. Will FY2026 Bring Hope?

THE NEW YEAR brought confirmation of a home truth that the Reserve Bank of India (RBI) had portended early in December that the galloping pace of the Indian gross domestic product (GDP) had begun to decelerate.

-  -Abhishek Sharma

The rate setting panel of the RBI had attributed the slower growth to deceleration of industrial production and pegged down its earlier estimate of a 7.2 per cent growth in GDP to 6.6 per cent. The first advance estimate of the National Statistical Office (NSO) now confirms the deceleration and pegs India's real GDP growth at 6.4 per cent in FY2025.