India Index

India Index

5/30/2025, 12:39:04 PM

_*Govt Outlook*_ Amidst global uncertainty, global growth for 2025 and 2026 likely to slow; India faces smaller forecast cuts in global forecasts. High-frequency indicators for April 2025 show strong industrial and commercial activity. Food inflation remains benign due to good rabi harvest, higher summer sowing, healthy procurement, and above-normal monsoon. Exports remain robust; forex reserves provide 11 months of import cover. Declining crude oil prices will potentially lower import bills, create fiscal space and alleviate external economic pressures. Diverging central bank rate paths globally, may impact capital flows and financial markets. Govt retains its outlook on FY26 growth at 6.3-6.8%, with private consumption, especially the rural rebound, and resilient services exports as the key drivers Multiple agencies project India's growth to be in the range of 6.3-6.7 per cent in FY26.

India Index

5/30/2025, 12:37:57 PM

Jan-Mar govt consumption expenditure growth -1.8% vs 6.6% YoY Jan-Mar gross fixed capital formation growth 9.4% vs 6% YoY Jan-Mar private consumption growth at 6% vs 6.2% YoY Jul-Sept GDP growth revised to 5.6% vs 5.8% earlier Oct-Dec GDP growth revised to 6.4% vs 6.2% earlier

India Index

6/1/2025, 9:26:08 AM

India’s auto industry faces a major supply chain crisis as China restricts rare earth magnet exports, threatening EV and conventional car production. Indian automakers, facing potential shutdowns by early June, are sending a high-level delegation to China to secure supplies and negotiate solutions. To ease the crisis, India is issuing government certificates ensuring imported magnets are not used for defense or re-exported to the US, which has allowed some shipments to resume. India is now accelerating plans to boost domestic rare earth magnet production and reduce reliance on China.

India Index

5/30/2025, 12:39:32 PM

FY25 total expenditure at ₹46.55 lk cr vs 47.16 lk cr revised aim FY25 fiscal deficit 4.8% of GDP vs revised target of 4.8% FY25 fiscal deficit ₹15.77 lk cr vs revised target of 15.69 lk cr PSU , RAIL ; FY25 capex at 10.52 lk cr vs ₹10.18 lk cr revised target

India Index

5/30/2025, 12:36:45 PM

INDIA Q4 GDP HIGHLIGHTS Primary Sector has seen 4.4% growth rate as compared to growth rate of 2.7% observed in previous financial year. During Q4, FY 2024-25, this sector has observed 5.0% growth rate as compared to 0.8% growth rate in Q4 of previous financial year. Private Final Consumption Expenditure (PFCE) has reported 7.2% growth rate during FY 2024-25 as compared to 5.6% growth rate in the previous financial year. Gross Fixed Capital Formation (GFCF) has recorded 7.1% growth rate during FY 2024-25 and 9.4% growth rate in Q4, FY 2024-25.

India Index

6/1/2025, 9:19:52 AM

US APRIL PCE PRICE INDEX RISES 0.1% M/M; EST. +0.1% *US APRIL PCE PRICE INDEX RISES 2.1% Y/Y; EST. +2.2% *US APRIL CORE PCE PRICE INDEX RISES 0.1% M/M; EST. +0.1% *US APRIL CORE PCE PRICE INDEX RISES 2.5% Y/Y; EST. +2.5%

India Index

6/1/2025, 9:26:10 AM

OPEC+ increase of 411k barrels per day is main scenario for discussions delegates OPEC+ agrees to increase 411k barrels per day of supply in July delegate

India Index

6/1/2025, 9:26:09 AM

India’s First Made-in-India Semiconductor Chip: 28–90 nm Rollout in 2025 Union IT Minister Ashwini Vaishnav has confirmed that India’s first indigenous semiconductor chip, in the 28–90 nm, will be rolled out within 2025. The announcement was made at the CII Annual Business. Six semiconductor fabrication units are under construction as part of this initiative, which began in 2022. The targeted 28–90 nm segment covers about 60% of the global chip market, with applications in automotive, telecom, industrial power, and railway sectors. This rollout marks a major milestone in India’s ambition to become a significant player in the global semiconductor supply chain and reduce reliance on imports.

India Index

5/30/2025, 12:37:28 PM

_*INDIA Q4 GDP*_ Agri Growth At 5.4% Vs 0.9% (YoY) & Vs 6.6% (QoQ) Mining Growth At 2.5% Vs 0.8% (YOY) & Vs 1.3% (QoQ) Manufacturing Growth At 4.8% Vs 11.3% (YoY) & Vs 3.6% (QoQ) Electricity Growth At 5.4% Vs 8.8% (YoY) & Vs 5.1% (QoQ) Construction Growth At 10.8% Vs 8.7% (YoY) & Vs 7.9% (QoQ) Trade, Hotels Growth At 6% Vs 6.2% (YoY) & Vs 6.7% (QoQ) Fin & Real Estate Growth At 7.8% Vs 9% (YoY) & Vs 7.1% (QoQ) Public Admin & Svcs Growth At 8.7% Vs 8.7% (YoY) & Vs 8.9% (QoQ) Real GDP (FY25): ₹187.97 lakh crore, up 6.5% from ₹176.51 lakh crore (FY24) Nominal GDP (FY25): ₹330.68 lakh crore, up 9.8% from ₹301.23 lakh crore (FY24) Real GVA (FY25): ₹171.87 lakh crore, up 6.4% from ₹161.51 lakh crore (FY24) Nominal GVA (FY25): ₹300.22 lakh crore, up 9.5% from ₹274.13 lakh crore (FY24) India Real GDP (Q4 FY25): ₹51.35 lakh crore, up 7.4% from ₹47.82 lakh crore (Q4 FY24) Nominal GDP (Q4 FY25): ₹88.18 lakh crore, up 10.8% from ₹79.61 lakh crore (Q4 FY24) Real GVA (Q4 FY25): ₹45.76 lakh crore, up 6.8% from ₹42.86 lakh crore (Q4 FY24) Nominal GVA (Q4 FY25): ₹79.46 lakh crore, up 9.6% from ₹72.51 lakh crore (Q4 FY24)

India Index

5/30/2025, 12:36:33 PM

INDIA Q4 GDP HIGHLIGHTS Real GDP has been estimated to grow by 6.5% in FY 2024-25. Nominal GDP has witnessed a growth rate of 9.8% in FY 2024-25. In Q4 of FY 2024-25, Real GDP and Nominal GDP has been estimated to grow by 7.4% and 10.8% respectively. ‘Construction’ sector is estimated to record a growth rate of 9.4% in FY 2024-25, followed by 8.9% growth rate in ‘Public Administration, Defence & Other Services’ sector and 7.2% growth rate in ‘Financial, Real Estate & Professional Services’ sector. During Q4 of FY 2024-25, ‘Construction’ sector has witnessed 10.8% growth rate, followed by 8.7% growth rate in ‘Public Administration, Defence & Other Services’ sector and 7.8% growth rate in ‘Financial, Real Estate & Professional Services’ sector.