India's Forecasted GDP Growth by various Institutions

December 11, 2025
GDP Projection By FY25-26
United Nations Conference on Trade and Development (UNCTAD)6.5%
Moody’s Investors Service 7%
Reserve Bank of India 7.3%
Standard and Poor Global Ratings 6.5%
Economic Survey 6.3-6.8%
Goldman Sachs 6.5%
Organisation for Economic Co-operation and Development (OECD)’s Economic Outlook 6.7%
FICCI’s (Federation of Indian Chambers of Commerce and Industry) economic outlook survey 6.3%
IMF 6.6%
The United Nations ’World Economic Situation and Prospects (UNESP) 6.6%
India Ratings and Research 7%
World Bank 6.3%
Asian Development Outlook 2022 by ADB 7.2%
Brickwork Ratings 6.4%
National Council of Applied Economic Research (NCAER) 7.8%
CRISIL’s  6.5%
CARE rating 6.7%
UBS 6.3% to 6.8%
ICRA 6.5%
Barclays 6.5%
Fitch Ratings 6.9%
Ind-Ra 7.0%
National Statistical Office (NSO) 8.2%
Normura 6.2%
HSBC 6.2%
Morgan Stanley 6.8%
Oxford Economies 6.5%
UN 6.6%
HDFC Bank 6.5%
SBI 6.5-7%
Bofa Securities 6.5%

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