Business

Moody’s Forecasts India’s Growth to Surpass 6.5% Next Fiscal Year, Up from 6.3% This Year

Published

11 months ago

March 13, 2025

Moody’s Ratings announced on Wednesday that India’s economic growth is projected to surpass 6.5% in the upcoming fiscal year, an increase from the estimated 6.3% for the current year. This growth outlook is attributed to increased government capital expenditure and a boost in consumption driven by tax reductions and lower interest rates.

The agency highlighted that, despite a temporary slowdown anticipated in mid-2024, India is expected to witness a resurgence in economic growth, positioning it among the fastest-growing large economies worldwide. “Government investment, tax incentives for middle-class households to stimulate consumption, and monetary easing are set to propel India’s real GDP growth beyond 6.5% for fiscal year 2025-26, up from 6.3% in fiscal year 2024-25,” Moody’s emphasized.

Moreover, Moody’s provided an optimistic forecast for the banking sector, indicating a stable operating environment for Indian banks in the next fiscal year. However, it warned that banks may experience a slight deterioration in asset quality after significant improvements in recent years, particularly in unsecured retail, microfinance, and small business loans.

Profitability within the banking sector is expected to remain adequate, with net interest margins (NIMs) expected to decline only marginally due to modest rate cuts.

Regarding inflation, Moody’s anticipates the average inflation rate to fall to 4.5% in fiscal 2025-26, down from 4.8% in the previous year. On the subject of the RBI repo rate, the agency stated, “We foresee further rate cuts being limited, as the central bank adopts a cautious approach in light of global uncertainties surrounding US trade policies and the related market and exchange rate volatility, evidenced by the strengthening of the US dollar against emerging market currencies in late 2024 and early 2025.”

It’s worth noting that the finance ministry’s recent Economic Survey has estimated GDP growth for the next fiscal year to be between 6.3% and 6.8%. This aligns with official projections, which indicate that GDP growth for the current fiscal year would be at 6.5%. The country’s real GDP growth moderated to 5.6% in the July-September quarter of 2024 before recovering to 6.2% in the subsequent quarter.

Business

India May Buy More Oil From Venezuela Instead of Russia

Published

2 weeks ago

January 31, 2026

Namma Kudla

Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.

Business

Chicken Prices Remain Stable in Local Markets

Published

2 weeks ago

January 27, 2026

Namma Kudla

Chicken prices remained stable in local markets today.Traders said there was no major change in rates.Consumers continued to make regular purchases.

Boneless chicken is priced at ₹210 per kilogram.Regular chicken is available at ₹160 per kilogram.Chicken liver is being sold at ₹120 per kilogram.

Country chicken is priced higher due to demand.It is selling at ₹360 per kilogram.Live chicken is available at ₹130 per kilogram.

Skinless chicken is priced at ₹200 per kilogram.Vendors said supply is sufficient in the market.They expect prices to remain steady in the coming days.

Customers expressed satisfaction with the current rates.Market officials said there is no shortage of chicken.

Business

Gold Prices Edge Up in India on January 19, 2026

Published

3 weeks ago

January 19, 2026

Namma Kudla

Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.

As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.

The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.

Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.

Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.

Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.

Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.