Gross Domestic Product

At the St Petersburg Economic Forum, Russia’s Economy Minister warned that the country is close to a recession. Businesses blame high interest rates, while officials urge cautious optimism amid signs of cooling economic activity.

Pakistan's public debt reached PRs 76 trillion in the first nine months of FY25, with PRs 51.5 trillion domestic and PRs 24.5 trillion external.

Under PM Modi, India has seen a decade of rapid transformation, achieving record GDP growth, rising investments, increased household savings, digital empowerment and food security, marking a confident stride toward becoming developed nation by 2047.

The Reserve Bank of India (RBI) cut its key repo rate by 50 basis points to 5.50%, the third reduction in 2025, totaling 100 basis points.

The RBI revised its inflation outlook for the year downward to 3.7%, citing a softening food inflation trend and a benign core inflation environment.

RBI's increased risk buffers strengthen its balance sheet and support India's macroeconomic stability, particularly with stable oil prices. The RBI's balance sheet grew by 8.2% to Rs 76.3 trillion in FY25.

India's GDP grew by 6.5% in fiscal year 2024-25, matching projections. This follows 9.2%, 8.7%, and 7.2% growth in the preceding three years. Q4 2024-25 saw 7.4% growth.

Regional imbalances must also be addressed, with broader participation beyond the dominant five or six states. Individual state roadmaps aligning with the national "Viksit Bharat" vision are under development.

India is projected to be the primary driver of global economic growth in 2025 and 2026, fueled by strong economic fundamentals and a positive outlook despite global uncertainties.

ICICI Bank estimates India's Q4 FY25 GDP growth at 7%, driven by government spending and rural demand. This brings the estimated FY25 GDP growth to 6.3%, slightly below the government's 6.5% projection.