Economy & Business Affairs: January to May 2026
Month-wise rewritten notes for economy & business affairs from 1 January to 2 May 2026.
Economy & Business Affairs: January to May 2026
GDP, inflation, ratings, business, investment, trade and macroeconomic indicators.
What to Focus On
Track the indicator, releasing agency, period and exact percentage or amount.
January 2026
India Overtakes Japan to Become World’s 4th Largest Economy at USD 4.18 Trillion
Full update: The Government of India (GoI) announced India has overtaken Japan to become the world’s 4th largest economy with a Gross Domestic Product (GDP) valued at USD 4.18 trillion.
Quick recall:
- Month of update: January 2026.
- Update/topic: India Overtakes Japan to Become World’s 4th Largest Economy at USD 4.18 Trillion.
- Key institutions/entities: USD, GDP.
- Important figures/dates: USD 4.18 Trillion, USD 4.18 trillion.
Ind-Ra Projects Indian Economy to Grow 6.9% in FY27 Amid Global Headwinds
Full update: India Ratings and Research (Ind-Ra), a wholly-owned subsidiary of Fitch Group, projected India’s Gross Domestic Product (GDP) growth rate at 6.9% for Financial Year 2026-27(FY27), lower than the estimated 7.4% growth rate for current financial year (FY26).
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Economy & Business Affairs: January to May 2026
GDP, inflation, ratings, business, investment, trade and macroeconomic indicators.
What to Focus On
Track the indicator, releasing agency, period and exact percentage or amount.
January 2026
India Overtakes Japan to Become World’s 4th Largest Economy at USD 4.18 Trillion
Full update: The Government of India (GoI) announced India has overtaken Japan to become the world’s 4th largest economy with a Gross Domestic Product (GDP) valued at USD 4.18 trillion.
Quick recall:
- Month of update: January 2026.
- Update/topic: India Overtakes Japan to Become World’s 4th Largest Economy at USD 4.18 Trillion.
- Key institutions/entities: USD, GDP.
- Important figures/dates: USD 4.18 Trillion, USD 4.18 trillion.
Ind-Ra Projects Indian Economy to Grow 6.9% in FY27 Amid Global Headwinds
Full update: India Ratings and Research (Ind-Ra), a wholly-owned subsidiary of Fitch Group, projected India’s Gross Domestic Product (GDP) growth rate at 6.9% for Financial Year 2026-27(FY27), lower than the estimated 7.4% growth rate for current financial year (FY26).
Quick recall:
- Month of update: January 2026.
- Update/topic: Ind-Ra Projects Indian Economy to Grow 6.9% in FY27 Amid Global Headwinds.
- Key institutions/entities: FY27, GDP, FY26.
- Important figures/dates: 6.9%, 27, 2026, 7.4%.
- Remember the releasing body and the exact projection, rank or assessment.
SBI Research Projects India’s FY26 GDP Growth at 7.5%
Full update: The State Bank of India’s (SBI) Economic Research Department released its Ecowrap report, projecting India’s GDP growth for fiscal year 2025-26 (FY26) at 7.5% with an upward bias, slightly above the 7.4% first advance estimate provided by the National Statistical Office (NSO).
Quick recall:
- Month of update: January 2026.
- Update/topic: SBI Research Projects India’s FY26 GDP Growth at 7.5%.
- Key institutions/entities: SBI, FY26, GDP, NSO.
- Important figures/dates: 26, 7.5%, 2025, 7.4%.
- Remember the releasing body and the exact projection, rank or assessment.
Choice Wealth Secures Contract from IPPB to Launch Digital Investment Platform
Full update: Choice Wealth Private Limited, a subsidiary of Choice International Limited, received a contract from India Post Payments Bank (IPPB), under the Department of Posts(DoP), Ministry of Communications, to launch a comprehensive digital investment platform, enabling IPPB customers nationwide to access formal financial investment services seamlessly.
Quick recall:
- Month of update: January 2026.
- Update/topic: Choice Wealth Secures Contract from IPPB to Launch Digital Investment Platform.
- Key institutions/entities: IPPB.
Morgan Stanley Projects India’s GDP Growth at 7.6% for FY26
Full update: American brokerage firm Morgan Stanley projected India’s real Gross Domestic Product (GDP) growth at 7.6% Year-on-Year (Y-o-Y) for Financial Year 2025-26 (FY26), 20 basis points (bps) higher than National Statistics Office (NSO)’s latest estimate of 7.4%.
Quick recall:
- Month of update: January 2026.
- Update/topic: Morgan Stanley Projects India’s GDP Growth at 7.6% for FY26.
- Key institutions/entities: GDP, FY26, Y-, NSO.
- Important figures/dates: 7.6%, 26, 2025, 20 basis points.
- Remember the releasing body and the exact projection, rank or assessment.
NSO Data: Inflation Increases to 3-month High of 1.33% in December 2025
Full update: National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) released the Consumer Price Index (CPI) for rural, urban and combined for the month of December 2025.
Quick recall:
- Month of update: January 2026.
- Update/topic: NSO Data: Inflation Increases to 3-month High of 1.33% in December 2025.
- Key institutions/entities: NSO, CPI.
- Important figures/dates: 1.33%, 2025.
IMF Raises India’s Economic Growth Forecast to 7.3% in FY26
Full update: The International Monetary Fund (IMF) released its World Economic Outlook (WEO) titled, “ Global Economy: Steady amid Divergent Forces ”, in which it has upwardly revised India’s growth outlook for Financial Year 2025-26 (FY26) to 7.3%, from 6.6% in October 2025.
Quick recall:
- Month of update: January 2026.
- Update/topic: IMF Raises India’s Economic Growth Forecast to 7.3% in FY26.
- Key institutions/entities: IMF, FY26, WEO.
- Important figures/dates: 7.3%, 26, 2025, 6.6%.
- Remember the releasing body and the exact projection, rank or assessment.
Moody’s Projects India’s FY26 GDP Growth at 7.3%, Supporting Rise in Household Incomes
Full update: Global credit rating agency, Moody’s Ratings projected that India will record a robust Gross Domestic Product (GDP) growth rate of 7.3% in Financial Year 2025-26 (FY26), higher than 6.5% growth rate registered in FY25.
Quick recall:
- Month of update: January 2026.
- Update/topic: Moody’s Projects India’s FY26 GDP Growth at 7.3%, Supporting Rise in Household Incomes.
- Key institutions/entities: FY26, GDP, FY25.
- Important figures/dates: 26, 7.3%, 2025, 6.5%.
- Remember the releasing body and the exact projection, rank or assessment.
UNCTAD: FDI Inflows to India Jump 73% to USD 47 Billion in 2025
Full update: The United Nations Conference on Trade and Development (UNCTAD) released the latest edition of the Global Investment Trends Monitor report. As per the latest report, the Foreign Direct Investment (FDI) inflows to India surged by 73% to USD 47 billion in 2025.
Quick recall:
- Month of update: January 2026.
- Update/topic: UNCTAD: FDI Inflows to India Jump 73% to USD 47 Billion in 2025.
- Key institutions/entities: UNCTAD, FDI, USD.
- Important figures/dates: 73%, USD 47 Billion, 2025, USD 47 billion.
- Remember the releasing body and the exact projection, rank or assessment.
Reliance Industries and ONGC Signed Agreement for Offshore Energy Operations
Full update: Reliance Industries Limited (RIL) and Oil and Natural Gas Corporation Limited (ONGC) signed a resource-sharing agreement on the sidelines of India Energy Week (IEW) 2026 (27-30 January 2026) in Goa, aimed at improving operational efficiency and strengthening India’s energy security. About the Agreement between RIL and ONGC: Services: Delivers specialized logging, well services, subsea equipment, and emergency response by jointly leveraging offshore assets to optimize performance. Regions: Applies to Krishna Godavari (KG) Basin and Andaman offshore blocks.
Quick recall:
- Month of update: January 2026.
- Update/topic: Reliance Industries and ONGC Signed Agreement for Offshore Energy Operations.
- Key institutions/entities: ONGC, RIL, IEW, KG, ORDA.
- Important figures/dates: 2026, 27, 30, 2025.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
- Remember the counterparties and the purpose of the agreement or partnership.
February 2026
Goldman Sachs Upgrades India’s CY26 GDP Growth Forecast to 6.9%
Full update: Goldman Sachs upgraded India’s Calendar Year 2026 (CY26) real Gross Domestic Product (GDP) growth forecast by 20 basis points (bps) from 6.7% to 6.9%, following the conclusion of the United States of America (USA)–India trade deal that reduced reciprocal tariffs on Indian goods from 25% to 18%. About the Forecast: Basis : The estimate is based on goods export exposure of about 4% of GDP to USA final demand and an export demand elasticity of around 0.7. Investment : The deal is expected to reduce trade-policy uncertainty and improve private investment intentions, with capex recovery likely in the second half of CY26.
Quick recall:
- Month of update: February 2026.
- Update/topic: Goldman Sachs Upgrades India’s CY26 GDP Growth Forecast to 6.9%.
- Key institutions/entities: CY26, GDP, USA, CAD, INR.
- Important figures/dates: 26, 6.9%, 2026, 20 basis points.
- Remember the releasing body and the exact projection, rank or assessment.
Walmart Becomes World’s First Retail Company to Reach USD 1 Trillion Market Value
Full update: Walmart Inc., an American multinational retail corporation, became the first retail company globally to achieve a market capitalisation of USD 1 trillion, following a strong rally in its share price over the past year. Key Highlights: Stock Performance: Walmart’s shares rose by nearly 26% over the last 12 months and about 468% over the past decade, outperforming the S&P 500, which gained around 264% during the same period. Nasdaq-100 : In December 2025, Walmart was added to the tech-focused Nasdaq-100 Index, which features the world’s most valuable non-financial companies.
Quick recall:
- Month of update: February 2026.
- Update/topic: Walmart Becomes World’s First Retail Company to Reach USD 1 Trillion Market Value.
- Key institutions/entities: USD, S&P, AI.
- Important figures/dates: USD 1 Trillion, USD 1 trillion, 26%, 12 months.
Moody’s Projects India’s GDP Growth Rate at 6.4% in FY27, Fastest
Full update: Among G-20 Nations In February 2026, Moody’s Ratings, an American rating agency, released its latest report titled ‘Banking System Outlook – India: Outlook stable, backed by strong economic growth and robust bank fundamentals ’. The report projected India’s real Gross Domestic Product (GDP) at 6.4% in Financial Year 2026-27 (FY27).
Quick recall:
- Month of update: February 2026.
- Update/topic: Moody’s Projects India’s GDP Growth Rate at 6.4% in FY27, Fastest.
- Key institutions/entities: GDP, FY27, G-20.
- Important figures/dates: 6.4%, 27, 20, 2026.
- Remember the releasing body and the exact projection, rank or assessment.
Air India and Lufthansa Group Sign MoU to Strengthen India–Europe Air Connectivity
Full update: Air India and the Lufthansa Group signed a Memorandum of Understanding (MoU) to explore the formation of a joint business partnership aimed at enhancing air connectivity between Air India and Lufthansa Group’s carriers and subsidiaries, including Air India Express, Austrian Airlines, Brussels Airlines, ITA Airways, Lufthansa, Swiss International Air Lines (SWISS), and other affiliated airlines. Partnership Framework: Alliance Membership: Both airlines are members of the Star Alliance and currently cooperate through codeshare agreements and alliance-based coordination. Integration Scope: The agreement establishes a framework for deeper integration through coordinated flight schedules, joint route planning, aligned sales and commercial strategies, loyalty programme integration, and enhanced Information Technology (IT) and customer experience systems.
Quick recall:
- Month of update: February 2026.
- Update/topic: Air India and Lufthansa Group Sign MoU to Strengthen India–Europe Air Connectivity.
- Key institutions/entities: ITA, SWISS, IT.
- Remember the exact name of the scheme, framework, regulation or direction.
- Remember the counterparties and the purpose of the agreement or partnership.
Reliance Consumer Products Forms Majority-Owned Joint Venture with Nigeria’s TGI Group
Full update: Reliance Consumer Products Limited (RCPL), the Fast Moving Consumer Goods (FMCG) arm of Reliance Industries Limited (RIL), signed a definitive agreement to form a majority-owned joint venture with Tropical General Investments Group (TGI Group), Nigeria.
Quick recall:
- Month of update: February 2026.
- Update/topic: Reliance Consumer Products Forms Majority-Owned Joint Venture with Nigeria’s TGI Group.
- Key institutions/entities: TGI, RCPL, FMCG, RIL.
- Remember the counterparties and the purpose of the agreement or partnership.
ICRA Forecasts India’s GDP Growth to 7.2% in Q3 FY26
Full update: India’s Credit Rating Agency ICRA Limited, formerly Investment Information and Credit Rating Agency of India Limited, has projected that India’s Gross Domestic Product (GDP) growth to ease to around 7.2% in third quarter (Q3) of Fiscal Year 2025-26 (FY26) (Oct-Dec 2025), down from 8.2% in Q2 FY26. Key Details of GDP Growth Projection: Sector Slowdown: The services sector growth is forecast to slow to around 7.8% in Q3 from 9.2% in the second quarter (Q2). Agriculture growth is also expected to decline to about 3% from 3.5% in Q2.
Quick recall:
- Month of update: February 2026.
- Update/topic: ICRA Forecasts India’s GDP Growth to 7.2% in Q3 FY26.
- Key institutions/entities: ICRA, GDP, Q3, FY26, Q2.
- Important figures/dates: 7.2%, 26, 2025, 8.2%.
- Remember the releasing body and the exact projection, rank or assessment.
March 2026
India INX GA partners HSBC IBU to Expand Overseas Investment Access via GIFT City
Full update: India INX Global Access IFSC Limited (India INX GA), subsidiary of India International Exchange (India INX), entered into a strategic partnership with HSBC International Financial Services Centre (IFSC) Banking Unit (HSBC IBU) to expand structured access to global investment products for Indian investors through Gujarat International Finance Tec-City (GIFT City).
Quick recall:
- Month of update: March 2026.
- Update/topic: India INX GA partners HSBC IBU to Expand Overseas Investment Access via GIFT City.
- Key institutions/entities: INX, GA, HSBC, IBU, GIFT.
- Remember the counterparties and the purpose of the agreement or partnership.
ASSOCHAM and ICCC Sign MoU to Strengthen India-Canada Business Collaboration
Full update: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Indo Canada Chamber of Commerce (ICCC) signed a Memorandum of Understanding (MoU) during the India–Canada Business Roundtable held in New Delhi, Delhi.
Quick recall:
- Month of update: March 2026.
- Update/topic: ASSOCHAM and ICCC Sign MoU to Strengthen India-Canada Business Collaboration.
- Key institutions/entities: ASSOCHAM, ICCC.
- Remember the counterparties and the purpose of the agreement or partnership.
T-Hub, Jetro Partner to Strengthen India-Japan Deep-Tech Startup Collaboration
Full update: Technology Hub (T-Hub), India’s largest startup incubator based in Hyderabad, Telangana, entered into a strategic partnership with the Japan External Trade Organisation (JETRO) to bolster collaboration between Indian and Japanese deep-tech startups.
Quick recall:
- Month of update: March 2026.
- Update/topic: T-Hub, Jetro Partner to Strengthen India-Japan Deep-Tech Startup Collaboration.
- Key institutions/entities: T-, JETRO.
- Remember the counterparties and the purpose of the agreement or partnership.
Fitch Ratings Raises India’s GDP Growth Forecast to 7.5% in FY26
Full update: Fitch Ratings, a global credit rating agency, released its ‘Global Economic Outlook – March 2026’, projecting India’s Gross Domestic Product (GDP) growth at 7.5% for the Financial Year 2025–26 (FY26), mainly supported by strong domestic demand and stable economic indicators. Key Findings: FY27 Forecast: For FY27, the agency revised its growth projection upward to 6.7%, compared to 6.4% projected in December 2025.
Quick recall:
- Month of update: March 2026.
- Update/topic: Fitch Ratings Raises India’s GDP Growth Forecast to 7.5% in FY26.
- Key institutions/entities: GDP, FY26, FY27.
- Important figures/dates: 7.5%, 26, 2026, 2025.
- Remember the releasing body and the exact projection, rank or assessment.
Reliance Signs USD 3 billion Green Ammonia Supply Deal with South Korea’s Samsung C&T
Full update: Reliance Industries Limited (RIL) signed a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of green ammonia over a 15-year period starting from the second half of Financial Year 2028-29(FY29).
Quick recall:
- Month of update: March 2026.
- Update/topic: Reliance Signs USD 3 billion Green Ammonia Supply Deal with South Korea’s Samsung C&T.
- Key institutions/entities: USD, C&T, RIL, SPA, FY29.
- Important figures/dates: USD 3 billion, 15, 2028, 29.
- Remember the counterparties and the purpose of the agreement or partnership.
Goldman Sachs Lowers India’s GDP Growth Rate Forecast to 5.9% for CY26
Full update: Goldman Sachs lowered India’s Gross Domestic Product (GDP) growth forecast to 5.9% in Calendar Year 2026 (CY26) over its pre-Iran war forecast of 7%. Key Projections: Inflation: Goldman Sachs report also projected India’s inflation to increase to 4.6% in CY26 compared to its previous forecast of 3.9%. CAD: As per the report, India’s Current Account Deficit (CAD) is expected to widen to 2% of GDP in CY26.
Quick recall:
- Month of update: March 2026.
- Update/topic: Goldman Sachs Lowers India’s GDP Growth Rate Forecast to 5.9% for CY26.
- Key institutions/entities: GDP, CY26, CAD.
- Important figures/dates: 5.9%, 26, 2026, 7%.
- Remember the releasing body and the exact projection, rank or assessment.
S&P Global Lifts India FY27 GDP Forecast to 7.1%, Raises Growth Outlook
Full update: The Standard & Poor’s (S&P) Global raised India’s Gross Domestic Product (GDP) by 40 basis points (bps) to 7.1% for financial year 2026-27 (FY27), reflecting confidence in the country’s economic momentum despite global uncertainties. Key Highlights Growth Forecasts: The rating agency also upgraded its projections for the following years.
Quick recall:
- Month of update: March 2026.
- Update/topic: S&P Global Lifts India FY27 GDP Forecast to 7.1%, Raises Growth Outlook.
- Key institutions/entities: S&P, FY27, GDP.
- Important figures/dates: 27, 7.1%, 40 basis points, 2026.
- Remember the releasing body and the exact projection, rank or assessment.
Cochin Chamber signs MoU with Latvian Chamber to strengthen bilateral trade
Full update: The Cochin Chamber of Commerce and Industry (CCCI) signed a Memorandum of Understanding (MoU) with the Latvian Chamber of Commerce and Industry (LCCI), Latvia, to bolster bilateral trade and economic cooperation between Latvia and India.
Quick recall:
- Month of update: March 2026.
- Update/topic: Cochin Chamber signs MoU with Latvian Chamber to strengthen bilateral trade.
- Key institutions/entities: CCCI, LCCI.
- Remember the counterparties and the purpose of the agreement or partnership.
GoI Kept Inflation Target at 4% for 2026-31 Period
Full update: The Government of India (GoI) kept the inflation target unchanged i.e. 4% for the next 5 years (from April 01, 2026 to March 31, 2031),,marking the 2nd consecutive instance of inflation targets unchanged.
Quick recall:
- Month of update: March 2026.
- Update/topic: GoI Kept Inflation Target at 4% for 2026-31 Period.
- Important figures/dates: 4%, 2026, 31, 5 years.
OECD Interim Report: India Growth Forecast lowered to 6.1% for FY27
Full update: The Organisation for Economic Cooperation and Development (OECD) released its OECD Economic Outlook, Interim Report – March 2026, titled Testing Resilience in which it projected that the Indian economy will grow at 6.1% in Financial Year 2026-27 (FY27). Key Highlights Slowdown: The OECD has revised India’s FY27 growth forecast by 10 basis points (bps) from its earlier forecast of 6.2%, citing global uncertainty. FY26 & FY28: The OECD also projected that India will grow at 7.6% in FY26 and 6.4% in FY28.
Quick recall:
- Month of update: March 2026.
- Update/topic: OECD Interim Report: India Growth Forecast lowered to 6.1% for FY27.
- Key institutions/entities: OECD, FY27, FY26, FY28.
- Important figures/dates: 6.1%, 27, 2026, 10 basis points.
- Remember the releasing body and the exact projection, rank or assessment.
April 2026
NSE and IGX Partner to Launch India’s First Domestic Benchmark Natural Gas Derivatives
Full update: The National Stock Exchange of India (NSE), India’s leading stock exchange, announced a strategic collaboration with Indian Gas Exchange Limited (IGX), India’s first automated national-level gas trading platform, to launch India’s first exchange-traded natural gas derivatives based on a domestic benchmark, aimed at improving risk management in the gas market.
Quick recall:
- Month of update: April 2026.
- Update/topic: NSE and IGX Partner to Launch India’s First Domestic Benchmark Natural Gas Derivatives.
- Key institutions/entities: NSE, IGX.
Moody’s Lowers India’s FY27 GDP Growth Forecast to 6% Amid West Asia Conflict
Full update: American rating agency, Moody’s Ratings released its latest ‘Credit Opinion Report on India’, lowering India’s Gross Domestic Product (GDP) growth forecast for Financial Year 2026-27(FY27) by 80 basis points to 6%, down from its earlier estimate of 6.8%. Key Findings: Growth Trend: Moody’s noted that India’s GDP growth remained strong at 7.5% in Calendar Year 2025(CY25), up from 7.2% in CY24, driven by a rebound in the manufacturing sector. Inflation: The rating has also projected inflation to average at 4.8% in FY27 from 2.4% in FY26.
Quick recall:
- Month of update: April 2026.
- Update/topic: Moody’s Lowers India’s FY27 GDP Growth Forecast to 6% Amid West Asia Conflict.
- Key institutions/entities: FY27, GDP, CY25, CY24, FY26.
- Important figures/dates: 27, 6%, 2026, 80 basis points.
- Remember the releasing body and the exact projection, rank or assessment.
Morgan Stanley Lowers India GDP Growth Forecast for FY27 to 6.2%
Full update: Morgan Stanley lowered its real Gross Domestic Product(GDP) projection for India by 30 basis points (bps) to 6.2% for Financial Year 2026-27 (FY27) from its previous estimate of 6.5%, due to ongoing conflict in West Asia. Key Projections: Q1FY27: The firm has further projected that India’s GDP growth rate at 5.9% Year-on-Year (YoY) basis in 1st Quarter(Q1: April-June) of FY27.
Quick recall:
- Month of update: April 2026.
- Update/topic: Morgan Stanley Lowers India GDP Growth Forecast for FY27 to 6.2%.
- Key institutions/entities: GDP, FY27, Q1FY27, Q1.
- Important figures/dates: 27, 6.2%, 30 basis points, 2026.
- Remember the releasing body and the exact projection, rank or assessment.
Fintech lender KreditBee enters unicorn club with USD280 million pre-IPO funding
Full update: KreditBee, leading digital lending firm in India, entered the unicorn club by raising USD 280 million in a Series E funding round, with a post-money valuation of USD 1.5 billion ahead of a planned Initial Public Offering (IPO).
Quick recall:
- Month of update: April 2026.
- Update/topic: Fintech lender KreditBee enters unicorn club with USD280 million pre-IPO funding.
- Key institutions/entities: USD280, IPO, USD.
- Important figures/dates: USD280 million, USD 280 million, USD 1.5 billion.
World Bank Upgrades India’s GDP Growth Forecast to 6.6% for FY27
Full update: The World Bank (WB) released its latest “South Asia Economic (SAE) Economic Update April, 2026: Working with Industrial Policy” report. The report has slightly raised India’s Gross Domestic Product (GDP) growth forecast for the Financial Year 2026-27 (FY27) to 6.6% from its previous estimate of 6.3%.
Quick recall:
- Month of update: April 2026.
- Update/topic: World Bank Upgrades India’s GDP Growth Forecast to 6.6% for FY27.
- Key institutions/entities: GDP, FY27, WB, SAE.
- Important figures/dates: 6.6%, 27, 2026, 6.3%.
- Remember the releasing body and the exact projection, rank or assessment.
ADB Raises India’s GDP Forecast for FY27 from 6.5% to 6.9%
Full update: Asian Development Bank (ADB) released its latest “Asian Development Outlook (ADO) April 2026: The Middle East Conflict Challenges Resilience in Asia and the Pacific”. The report raised India’s Gross Domestic Product (GDP) growth forecast for Financial Year 2026-27 (FY27) by 40 basis points (bps) to 6.9% from its previous estimate of 6.5% and also lower than 7.6% estimated for FY26.
Quick recall:
- Month of update: April 2026.
- Update/topic: ADB Raises India’s GDP Forecast for FY27 from 6.5% to 6.9%.
- Key institutions/entities: ADB, GDP, FY27, ADO, FY26.
- Important figures/dates: 27, 6.5%, 6.9%, 2026.
- Remember the releasing body and the exact projection, rank or assessment.
IMF Raises India’s GDP Growth Forecast to 6.5% for FY27
Full update: The International Monetary Fund (IMF) released its April 2026 World Economic Outlook (WEO) titled “Global Economy in the Shadow of War”. The report has marginally upgraded India’s Gross Domestic Product (GDP) for Financial Year 2026-27 (FY27) by 10 basis points (bps) to 6.5% compared to previous estimate of 6.4% (in WEO, January2026). Key Findings: GDP for FY28: Similarly, IMF has projected that the Indian economy will remain stable at 6.5% in FY28.
Quick recall:
- Month of update: April 2026.
- Update/topic: IMF Raises India’s GDP Growth Forecast to 6.5% for FY27.
- Key institutions/entities: IMF, GDP, FY27, WEO, FY28.
- Important figures/dates: 6.5%, 27, 2026, 10 basis points.
- Remember the releasing body and the exact projection, rank or assessment.
China Emerged India’s Top Trade Partner in FY26; Deficit Widens to USD 112 Billion
Full update: The Government of India (GoI)’s latest data showed that China emerged as India’s largest trading partner in Financial Year 2025-26 (FY26), with bilateral trade reaching USD 151.1 billion. However, India’s trade deficit with China widened to USD 112.16 billion during the period.
Quick recall:
- Month of update: April 2026.
- Update/topic: China Emerged India’s Top Trade Partner in FY26; Deficit Widens to USD 112 Billion.
- Key institutions/entities: FY26, USD.
- Important figures/dates: 26, USD 112 Billion, 2025, USD 151.1 billion.
SBI Research Report Projects India’s GDP Growth at 6.8%–7.1% for FY27
Full update: State Bank of Indi a (SBI), India’s largest Public Sector Bank(PSB) released its latest “SBI Research Report”, projecting India’s Gross Domestic Product (GDP) growth at 6.8%–7.1% for Financial Year 2026–27 (FY27), despite global headwinds from West Asia conflicts and oil price pressures.
Quick recall:
- Month of update: April 2026.
- Update/topic: SBI Research Report Projects India’s GDP Growth at 6.8%–7.1% for FY27.
- Key institutions/entities: SBI, GDP, FY27, PSB.
- Important figures/dates: 6.8%, 7.1%, 27, 2026.
- Remember the releasing body and the exact projection, rank or assessment.
Final Revision Checklist
- Can you recall the institution, person, regulator or ministry behind each update?
- Can you state the exact figure, rank, percentage, date, tenure or threshold from memory?
- Can you remember the name of the scheme, report, committee, regulation, app, platform or agreement involved?
- Can you separate bank/regulator updates from macroeconomy, appointments, schemes and global reports without confusion?