131523127

India GDP Q4 FY26 Live Updates: India reported GDP growth of 7.8% in the January-March quarter and 7.7% for the full financial year 2025-26 under the revised base year series. The stronger-than-expected performance underscores the economy's resilience despite global uncertainty, elevated energy prices and geopolitical tensions.

India is expected to surpass China in terms of its share of global GDP measured in purchasing power parity (PPP) by 2060, as Beijing's contribution is likely to decline in the second half of the 21st century, according to a report by researchers associated with World Inequality Lab.

World Inequality Lab (WIL) is a research laboratory based at the Paris School of Economics (PSE) and focused on the study of inequality worldwide.

The report, titled Global Justice Report: A Plan for Equality and Prosperity With Planetary Boundaries, said that regarding China, it is worth emphasising that its share in world GDP is currently about 20 per cent in PPP terms (about one third higher than the US) and is scheduled to be twice as large as the US by 2035 according to our benchmark projections.

"However, China's population share is falling very fast, from 23 per cent of the world population in 1945 to about 17 per cent in 2025 and less than 8 per cent in 2100.

"As a consequence, the share of China in world GDP is projected to stabilise and decline in the second half of the 21st century, and to be overtaken by India around 2060," it said.

In any case, the report said, China is very unlikely to ever reach the kind of hegemonic position which the US had in the world around 1950 (with as much as 35–40 per cent of the world’s GDP) or which Europe had around 1900–1910 (around 40–45 per cent).

In brief, it said the world is set to be multipolar in the 21st century, unlike the worlds of the 19th and 20th centuries.

India is likely to grow at a faster pace than projected by the Reserve Bank of India (RBI), according to Neelkanth Mishra, India's newly appointed Executive Director at the World Bank.

The Reserve Bank of India (RBI) reduced its growth forecast for FY26 to 6.6 per cent from 6.9 per cent and for FY27 to 6.3 per cent from 6.7 per cent in its policy announcement on Friday. Mishra said the RBI's forecast is too conservative, arguing that the underlying economy is performing significantly better than official projections suggest.

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday cut the country's FY27 GDP growth projection to 6.6% from the 6.9% estimated in the June monetary policy review, citing rising global uncertainties linked to the ongoing conflict in West Asia.

The central bank now expects GDP growth of 6.6% in the first quarter, 6.3% in the second quarter, 6.5% in the third quarter and 6.8% in the fourth quarter of FY27.