New Delhi/Mumbai, May 29 (HS): The Reserve Bank of India (RBI) reports that India will maintain its status as the fastest growing major economy globally in the financial year 2025-26, driven by increased consumption and strong bank and corporate balance sheets. Despite challenges like global financial volatility and climate uncertainties, India's macroeconomic stability and commitment to sustainable growth will support this momentum.

The RBI highlights improvements in consumption demand, net exports, a recovering services sector, and agricultural production enhancements as key factors fueling economic activity. Although the real GDP growth rate is forecasted to decrease to 6.5 percent in 2024-25, India continues to outpace other major economies. The central government is expected to announce GDP figures for the last quarter of 2024-25 on May 30.

Hindusthan Samachar / Jun Sarkar