<p>New Delhi: BMI, a Fitch Group company, on Monday forecast a 7.4 per cent growth for the current fiscal and 7 per cent for FY27 saying a favourable policy environment bodes well for India's economic outlook.</p>.<p>It said that monetary and regulatory measures should stimulate investment and consumption over 2026-27 fiscal.</p>.<p>"A strong advanced estimate of the current fiscal year's GDP, rising US-bound merchandise exports during the past two months, and a favourable policy environment bodes well for India's economic outlook," BMI said in a report.</p>.<p>The National Statistics Office (NSO) has projected a 7.4 per cent GDP expansion for FY2025/26 (April-March). This implies the government expects GDP will grow by around 7 per cent Y-o-Y on average in the second half of the fiscal year.</p>.<p>The Indian economy grew at 6.5 per cent in 2024-25 fiscal.</p>.Reliance Industries shares down nearly 8% in four days; market valuation erodes by Rs 1.65 lakh crore.<p>BMI revised upwards GDP forecast for 2025-26 to 7.4 per cent, up from 7.2 per cent projected earlier. It now expects GDP to rise by 7 per cent in FY2026-27, up from 6.6 per cent estimated previously.</p>.<p>"Foundation has already been laid for a strong October-December quarter," BMI said, adding that the economy would expand by more than 9 per cent Y-o-Y in the third quarter (October-December) of FY 2025-26.</p>.<p>The Indian economy grew by a robust 7.8 per cent in the first quarter (April-June), and 8.2 per cent in the second quarter (July-September), as per official estimates.</p>.<p>BMI said the 2025 reforms to the goods and services tax and personal income tax systems have lowered the tax burden on households.</p>.<p>The Reserve Bank of India also cut its policy rate by a total of 125 basis points last year. Finally, the government has pushed to implement new labour codes and allow 100 per cent foreign ownership of local insurers.</p>.<p>“The risks to our outlook are balanced, and stem from whether a future India-US trade deal that meaningfully lowers tariffs on US bound exports occurs,” BMI said.</p>
<p>New Delhi: BMI, a Fitch Group company, on Monday forecast a 7.4 per cent growth for the current fiscal and 7 per cent for FY27 saying a favourable policy environment bodes well for India's economic outlook.</p>.<p>It said that monetary and regulatory measures should stimulate investment and consumption over 2026-27 fiscal.</p>.<p>"A strong advanced estimate of the current fiscal year's GDP, rising US-bound merchandise exports during the past two months, and a favourable policy environment bodes well for India's economic outlook," BMI said in a report.</p>.<p>The National Statistics Office (NSO) has projected a 7.4 per cent GDP expansion for FY2025/26 (April-March). This implies the government expects GDP will grow by around 7 per cent Y-o-Y on average in the second half of the fiscal year.</p>.<p>The Indian economy grew at 6.5 per cent in 2024-25 fiscal.</p>.Reliance Industries shares down nearly 8% in four days; market valuation erodes by Rs 1.65 lakh crore.<p>BMI revised upwards GDP forecast for 2025-26 to 7.4 per cent, up from 7.2 per cent projected earlier. It now expects GDP to rise by 7 per cent in FY2026-27, up from 6.6 per cent estimated previously.</p>.<p>"Foundation has already been laid for a strong October-December quarter," BMI said, adding that the economy would expand by more than 9 per cent Y-o-Y in the third quarter (October-December) of FY 2025-26.</p>.<p>The Indian economy grew by a robust 7.8 per cent in the first quarter (April-June), and 8.2 per cent in the second quarter (July-September), as per official estimates.</p>.<p>BMI said the 2025 reforms to the goods and services tax and personal income tax systems have lowered the tax burden on households.</p>.<p>The Reserve Bank of India also cut its policy rate by a total of 125 basis points last year. Finally, the government has pushed to implement new labour codes and allow 100 per cent foreign ownership of local insurers.</p>.<p>“The risks to our outlook are balanced, and stem from whether a future India-US trade deal that meaningfully lowers tariffs on US bound exports occurs,” BMI said.</p>