Growth outlook in Asia's third-largest economy has remained relatively robust, thanks to strong domestic consumption and relatively lower dependence on exports. That marked the strongest quarterly growth in the fiscal year of 2025.

India's economy surged 7.4% in January to March, much faster than forecasts and driven by construction and manufacturing, although uncertainty about U.S. tariffs poses risks to the outlook.

India remains the world's fastest growing major economy, although growth has sharply dropped from the 9.2% high recorded in financial year 2023-24.