Subindices
Subindices
Subindices
A broad set of indices offering granular insights across various facets of the Indian economy
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Near-term Outlook
Inflation is expected to remain within RBI’s target range, averaging around 3.7% during FY26, supported by continuing GST rate reforms and stable supply conditions.
Near-term Outlook
The financial sector is forecast to maintain its soundness, with banks’ and NBFCs’ strong buffers and healthy balance sheets supporting credit supply and risk absorption in the near term.
Near-term Outlook
The services sector is likely to continue growing strongly in the near term, powered by domestic demand, rising incomes, improving consumer confidence, and continued export demand.
Near-term Outlook
Given the current high PMI, there is likely to be continued growth in the manufacturing part of the industrial sector. New orders remain strong, so many manufacturers will likely ramp up production. The momentum is favourable.
Near-term Outlook
Given above-average rainfall, good reservoir levels, good soil moisture, and strong sowing in many key crops, the Agriculture Output Index is likely to show growth above recent years’ averages.
Near-term Outlook
The Equity Market Optimism Index suggests continued positive market sentiment with a bullish bias in the near term on expectations of supportive monetary policies, steady GDP growth, and strong corporate earnings.
Near-term Outlook
Persistent global uncertainties, including inflationary pressures in advanced economies, shifts in US Fed policies, and geopolitical tensions, could impact capital flows and trade balances, requiring vigilant policy response.
Near-term Outlook
Given that current inflation is low and within the target range, RBI is likely to keep rates unchanged in the upcoming policy meeting. However, we anticipate another 25 bps rate reduction later in FY 26 if inflation remains moderate, with the RBI maintaining flexibility.