India's economy set to grow 7% in FY26, says Gita Gopinath

Business Dec 17, 2025

Big news for India's economy—Gita Gopinath, former IMF chief economist, expects a 7% GDP growth for 2025-26. That's even better than the IMF's earlier forecast of 6.6%.
The Reserve Bank of India also raised its outlook after a strong July-September quarter, where GDP jumped by 8.2%.

What could keep this momentum going?

Gopinath suggests India should mix up its energy sources instead of depending on Russian oil and make it easier to do business by cutting down on red tape.
She points out that keeping up high growth long-term will take major reforms if India wants to hit its big economic goals by 2047.
Even with global uncertainty and trade tensions (especially with the US), strong demand at home is helping keep things on track.