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Date: 04/06/2025

India seen fastest-growing major economy in FY26: SBI report

The Indian economy is poised to remain the fastest-growing major economy in FY26 by leveraging its sound macroeconomic fundamentals, robust financial sector and commitment towards sustainable growth, according to a State Bank of India (SBI) report. With higher anticipated savings based on the latest RBI annual report, the domestic finances will be sufficient to finance the anticipated growth and there is unlikely to be demand-induced pressure on prices in FY26. The downside to growth emanates from external and geopolitical factors. From the expenditure side, the GDP growth of 7.4% in Q4 was supported by a strong uptick in capital formation which registered a 9.4% annual growth. The recovery in capital formation was on account of a revival in the core sector in Q4 as evident from high-frequency indicators. The overall growth in capital formation for FY25 now stands at 7.1%, as per a report.
 
Source: Exim News Service: Mumbai, June 3



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