♦ Global credit rating agency Crisil projected India’s GDP to grow by 6.5% in fiscal 2026 on 14 April 2025, while cautioning that US tariff hikes remain a significant downside risk to the forecast.

♦ Crisil also anticipates that a decline in global crude oil prices, potentially driven by a global slowdown, will provide further support to domestic economic activity.

♦ In its monetary policy announcement the RBI earlier this month (April) lowered India’s GDP growth projection for 2025-26 to 6.5 percent.