economic growth
Good news has emerged for India on the economic front. According to government data released on Friday, India’s GDP will increase to 7.7% in the year 2025-26, which was 7.1% last year. However, economists say that due to increasing threats around the world and within the country, it may be difficult to maintain this pace.
The Ministry of Statistics and Program Implementation on Friday released GDP data for the fourth quarter and full year of fiscal year 2026. In the last quarter of the year (January to March), the country’s economy grew at a pace of 7.8%. The ongoing tension in the world, rising inflation and fear of weak monsoon have increased the concern about the future. This can affect the markets of both cities and villages. The government has also improved the economic growth figure for the third quarter (October-December) to 8%.
India is now releasing figures on the basis of new series of GDP. Recently there has been a change in the method of measuring inflation (inflation basket). Under this, 2022-23 has been made the new base year and old data has also been updated, so that it can better reflect the changes in consumption patterns after the Corona epidemic and the rapid expansion of the digital economy.
This is the second GDP report under the revised figures of national income, in which the base year has been changed and the scope of data sources has also been expanded. GDP growth for the January-March quarter was 7.8%, which was higher than the 7.3% estimate of economists in a Bloomberg survey and the same as in the previous quarter.
Iran-America war becomes a challenge
This strong economic performance has come at a time when the global situation remains quite uncertain. High tariffs imposed by the US, increased global tensions following the Iran conflict and rising energy prices have emerged as major risks to economic prospects. Because the Strait of Hormuz has been closed due to the US-Iran war. India is dependent on the Strait of Hormuz for its energy needs and trade.
