Survey: Economy fundamentals strong despite ‘strong downsides’

• Expected growth range: 6.3% to 6.8% from 6.4% this year.

• Domestic economy fundamentals remain robust, with potential for investment, output, and disinflation.

• Urban demand remains uncertain, with mixed trends in the third quarter.

• Slowdown in private sector investment due to domestic political timetable, global uncertainties, and overcapacities.

• Slowdown in investment activity is likely temporary, with “green shoots” in capital formation.

• Growth estimates align with International Monetary Fund’s projection of 6.5% growth between 2025-26 and 2029-30.

• Achieving ‘Viksit Bharat’ requires 8% growth for at least a decade, with investment rate rising from 31% to 35% of GDP.

• Policy action agenda to exceed current growth trajectory.