• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India Projected To Clock 6.8-7 Pc Growth In Q2, Current Fiscal To Register 6.3 Pc: HSBC

OMMCOM NEWS by OMMCOM NEWS
July 2, 2025
in Business
GDP

New Delhi: India’s GDP growth is projected at 6.3 per cent in current fiscal (FY26) despite external headwinds, an HSBC report said on Wednesday, adding that with 70 per cent of the indicators growing positively, the Q2 growth (April-June) is trending at 6.8-7 per cent, with the informal sector taking the lead.

HSBC Global Investment Research has updated its 100 indicators framework, which maps high frequency indicators to various sectors, and gives a thorough and sequential read on growth.

“After an amazing April came a measured May with 67 per cent of the indicators growing positively (compared to 72 per cent in April). Still, from a quarterly perspective, Q2 is doing better than Q1 2025 (70 per cent vs 67 per cent),” the findings showed.

If this trend continues into June (as is looking likely so far, based on the release of 20 per cent of the data we track), “GDP growth could come in at the 6.8-7 per cent ballpark”, said the report.

Informal sector consumption is taking the lead. Key indicators grew positively on a sequential basis in May. These include two-wheeler sales, non-durables production, non-cess GST collection, rural terms of trade, and real rural wages.

Meanwhile, formal sector consumption was more mixed; some indicators holding up (demand for petrol, consumer imports, and durables goods production), while others were weaker like passenger vehicle sales.

“A rise in government spending was an added bonus, focused not just on consumption, but also capex,” the report mentioned.

India’s capital expenditure surged 54 per cent in April-May FY26, driven by strong non-tax revenues and RBI surplus.

According to the report, three data points reveal a sharp pivot from formal to informal.

“One, indirect tax collection (proxy for informal consumption) is outpacing direct tax collection after a long wait. Two, overall credit growth is slowing, but within that, credit to MSMEs is bucking the trend. Three, RBI corporate database indicates that salary growth at small firms is outpacing large firms,” it added.

In fact, two major pivots will likely define FY26. One, from investment to consumption. During a time of global uncertainties, investment rarely does well. Two, within consumption, as highlighted above, from formal to informal.

“Falling inflation has played a leading role here. It has improved real purchasing power, thereby stoking informal sector consumption, which makes up two-thirds of the consumption pie,” said the report.

(IANS)

Tags: GDPIndiaNew Delhi
ShareTweetSendSharePinShareSend
Previous Post

Telangana Pharma Unit Blast: Search Continues For 13 Missing Workers

Next Post

Hrithik Roshan And NTR Jr To Separately Promote ‘War 2’

Related Posts

India’s ETF
Business

India’s ETF AUM Grows Over 5 Times In 5 Years, Retail Investor Folios Jump 11-Fold: Report

July 2, 2025
Rapido
Business

Ola, Uber, Rapido Can Now Charge Up To Double The Base Fare During Peak Hours

July 2, 2025
Coal production
Business

Coal Production From India’s Commercial Mines Jumps 16.4 Pc In April-June Quarter

July 2, 2025
India's mergers and acquisitions
Business

India’s M&A Activity Hits $61.3 Billion In H1 2025, Highest Since 2022: Report

July 2, 2025
Indian Firms
Business

Over 60 Pc Indian Firms Launching Skilling Programmes To Shape Future Workforce: Report

July 2, 2025
IT Hiring
Business

IT Hiring In Smaller Cities Soar 53 Pc, Fuels Overall Job Growth In India: Report

July 2, 2025
Next Post
Hrithik Roshan

Hrithik Roshan And NTR Jr To Separately Promote ‘War 2’

Kolkata Law College Rape

Kolkata Law College Rape: Monojit Mishra Was Appointed Contractual Staff Violating Norms

Rahul, Priyanka

Rahul, Priyanka To Lay Foundation Stone For 100 Houses In Wayanad

khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.