Recent Current Affairs related to GDP

According to the 'World Economic Outlook (WEO) Update - July 2026' report titled 'Global Economy in Crosscurrents of War and Technology' released by the International Monetary Fund (IMF), India's GDP growth is revised to 6.4% for FY27 from the 6.5%.

For FY28, the report has revised India's growth projection to 6.7% from the earlier estimate of 6.5%. The report also noted that India's GDP recorded a growth of 7.7% during FY26.

According to a report by the Asian Development Bank (ADB), India's GDP growth forecast for FY27 has been revised to 6.6% from the earlier 6.9%. The growth projection for FY28 is maintained at 7.3%.

The ADB has also raised the inflation forecast for FY27 to 5.2% from 4.5%, while the projection for FY28 is maintained at 4%.

According to the report titled "India: Improved Macro Outlook after the United States of America (USA)-Iran Deal" released by Goldman Sachs, India's real Gross Domestic Product (GDP) growth forecast for Calendar Year 2026 (CY26) has been raised to 6.8%. The growth forecast for FY27 is increased to 6.5%.

The report also lowered India's retail inflation projection for the current year to 4.4% and reduced the Current Account Deficit (CAD) projection by 20 basis points (bps) to 1.1% of GDP.

According to the "Economic Outlook Asia-Pacific Q3 2026" report released by S&P Global Ratings (S&P), the real Gross Domestic Product (GDP) growth forecast of India for FY27 is revised to 6.6%. The Consumer Price Index (CPI) inflation of India is projected to rise to 5.1%.

According to the ‘Second Advance Estimates of Horticulture Crops for 2025-26’ released by the Department of Agriculture & Farmers Welfare (DA&FW), the total horticulture production is projected at 3,777.76 lakh tonnes (LT) across an area of 301.51 lakh hectares (ha). This indicates a 1.90% rise in production and a 0.05% increase in area compared to 2024–25.

Fruit production is estimated at 1,214.75 LT, reflecting an increase of 3.25%. Vegetable production is projected at 2,210 LT (a 1.47% growth) across an area of 118.79 lakh ha, which is an increase of 0.75%. Onion production is estimated to remain stable at 307.37 LT, while the area under cultivation is expected to rise by 2.31% to 20.14 lakh ha.

According to the “Global Economic Prospects” (GEP) report released by the World Bank (WB) in June 2026, the economic growth projection of India for FY27 has been raised to 6.6%, a 10 basis points (bps) increase from the previous forecast of 6.5%.

The GDP of India is projected to grow by 6.6% in FY27, moderating from an estimated 7.7% in FY26, and is expected to accelerate to 7.2% in FY28.

The Monetary Policy Committee (MPC) of the RBI, chaired by Governor Sanjay Malhotra, held its second bi-monthly meeting for FY27. The committee unanimously voted to maintain the policy repo rate at 5.25% and retained a ‘neutral’ stance.

The RBI has maintained other key policy rates: Standing Deposit Facility (SDF) rate at 5%, Marginal Standing Facility (MSF) rate at 5.5%, Bank Rate at 5.5%, Cash Reserve Ratio (CRR) at 3%, and Statutory Liquidity Ratio (SLR) at 18%. The real GDP growth projection for India for FY27 is revised to 6.6% from 6.9%.

The quarterly real GDP growth is projected at 6.6% for Q1, 6.3% for Q2, 6.5% for Q3, and 6.8% for Q4. The Consumer Price Index (CPI) inflation projection is increased to 5.1% from 4.6%, and core inflation to 4.7% from 4.4%. Additionally, the baseline crude oil price projection is revised to $95 per barrel, up from $85 per barrel.

According to the “OECD Economic Outlook Under Pressure: June 2026” report released by the Organisation for Economic Cooperation and Development (OECD), India’s GDP growth is projected at 7.6% for FY26, 6.3% for FY27 (revised from 6.1%), and 6.4% for FY28. The report also projects India’s inflation to rise from 2.1% in FY26 to 4.8% in FY27.

According to the latest “Ecowrap” report by the State Bank of India, the Gross Domestic Product (GDP) growth of India for FY26 is projected to increase to 7.7%. This growth is attributed to the strong performance of the economy in Q4 of FY26, which accelerated to 7.8%.

According to a report by Fitch Ratings, the GDP growth projection for India for FY27 has been lowered to 6.4% from the earlier estimate of 6.7%.

The National Statistics Office (NSO) has released the Provisional Estimates (PE) of annual Gross Domestic Product (GDP) for the FY26 and the quarterly estimates for the fourth quarter (Q4) of FY26.

India’s real GDP growth for FY26 is estimated at 7.7%, reflecting a 60 basis points (bps) increase from 7.1% in FY25. Real GDP at constant (2022-23) prices is estimated at ₹323.12 lakh crore for FY26, compared to ₹299.89 lakh crore in the First Revised Estimates (FRE) for FY25

Nominal GDP at current prices grew by 8.9% in FY26 to reach ₹346.36 lakh crore, compared to 9.7% growth and a value of ₹318.07 lakh crore in the previous financial year. These estimates are based on a revised base year of 2022-23, which was introduced by the Ministry of Statistics and Programme Implementation (MoSPI) in February 2026, replacing the previous 2011-12 base year.

In Q4 FY26, real GDP grew by 7.8%, with the value estimated at ₹87.77 lakh crore, up from ₹81.40 lakh crore in Q4 FY25. Meanwhile, nominal GDP in Q4 FY26 registered a growth rate of 9.1%, reaching an estimated value of ₹94.65 lakh crore compared to ₹86.75 lakh crore in Q4 FY25.

The Ministry of Health and Family Welfare (MoH&FW) has released the 10th National Health Accounts (NHA) estimates for FY23. The Total Health Expenditure (THE) of India in FY23 is estimated at ₹8.81 lakh crore, which constitutes 3.37% of the Gross Domestic Product (GDP).

The Government Health Expenditure (GHE) has increased from ₹1.3 lakh crore in FY14 to ₹3.85 lakh crore in FY23. The report was prepared by the National Health Accounts Technical Secretariat (NHATS) under the National Health Systems Resource Centre (NHSRC).

According to the “World Economic Situation and Prospects 2026” report released by the UN Department of Economic and Social Affairs (UN-DESA), the GDP growth of India for FY27 is revised down to 6.4% from the previous projection of 6.6%. The growth forecast for FY28 is also reduced to 6.6%.

According to the Mid-Year Outlook report released by Morgan Stanley, India’s real GDP growth forecast for FY27 has been revised upward by 50 basis points (bps) to 6.7%. The report projects the GDP growth for FY28 at 7%. Additionally, India’s inflation is expected to average 4.7% for FY27.

According to a report by the SBI Research, the real GDP growth of India for FY27 is estimated at 6.6%. The report projects growth rates of 6.8% for Q1 and 6.6% for Q2, while the growth for the second half (H2) of the fiscal year is projected at 6.5%.

According to the 'India Forward- Emerging Perspectives' report jointly released by S&P Global Market Intelligence and CRISIL Ratings Ltd, the Gross Domestic Product (GDP) growth of India for FY27 is revised downward by 50 basis points (bps) to 6.6%.

The report estimated the GDP growth for FY26 at 7.6% and the average annual growth between FY23 and FY26 at 7.3%. The retail inflation is projected to average 5.1% in FY26. The Current Account Deficit (CAD) is expected to expand from 0.8% of GDP in FY26 to 2.2% in FY27. Further, the debt-to-GDP ratio of India is forecasted to increase to 57.5% from 56.1% in FY26.

According to a report titled “Economic and Social Survey of Asia and Pacific 2026: Socioeconomic Prosperity Amid the Transition to an Environmentally Sustainable Economy” released by the UN Economic and Social Commission for Asia and the Pacific (ESCAP), the economy of India is projected to grow at 6.4% in Calendar Year 2026 (CY26) and 6.6% in CY27.

The inflation of India is expected to reach 4.4% in CY26 and 4.3% in CY27. The growth rate of the South and South-West Asia region is estimated at 5.4% in CY25, which is an increase from 5.2% in CY24. During the first three quarters of CY26, India attracted the largest share of greenfield Foreign Direct Investment (FDI) worth $50 billion. It is followed by Australia, Republic of Korea, and Kazakhstan.

According to the April 2026 “World Economic Outlook” (WEO) report titled “Global Economy in the Shadow of War” released by the International Monetary Fund (IMF), India is ranked 6th in the global Gross Domestic Product (GDP) rankings.

The GDP of India is projected to grow from $3.5 trillion in 2024 to $3.92 trillion in 2025, and it is estimated to reach $6.17 trillion by 2030. In the global rankings, the USA is expected to lead with a GDP of $39 trillion, followed by China at $27.5 trillion and Germany at $5 trillion.

According to a report by the State Bank of India (SBI), the GDP growth of India for FY26 is estimated at 7.6% and for FY27 it is projected to range between 6.8-7.1%. The report also estimated India’s average inflation at 4.5% and the fiscal deficit between 4.5-4.6%.

According to the report “South Asia Economic (SAE) Economic Update April, 2026: Working with Industrial Policy” released by the World Bank (WB), the GDP growth of India for FY27 is revised upwards to 6.6% from the earlier projection of 6.3%.