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OECD Cuts FY26 Growth Forecast to 6.3%, UBS Raises It to 6.4%
Business Standard
|June 04, 2025
In its latest outlook, the Organisation for Economic Co-operation and Development (OECD) on Tuesday lowered its 2025-26 (FY26) growth forecast for India by 10 basis points (bps) to 6.3 per cent, even as UBS Securities raised its forecast for the same financial year to 6.4 per cent from 6 per cent estimated earlier.
OECD expects that the risk of increased trade tensions, including the imposition of higher US tariffs on Indian exports, could dampen external demand and harm export-oriented sectors such as textiles, chemicals, and pharmaceuticals.
On the other hand, UBS expects no "significant" increase in the tariff rates against India and is hopeful of the US-India trade deal materialising soon.
This story is from the June 04, 2025 edition of Business Standard.
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