Projecting India’s GDP growth at 6.8 per cent in this fiscal and 7.7 per cent in FY26, the PHD Chambers of Commerce and Industry recently said the country is expected to become the fourth largest economy in the world by 2026, surpassing Japan.
It expects the central bank to cut the benchmark interest rate by 25 bps in its policy review next month, with a significant reduction in CPI inflation.