The week in charts: IMF growth forecast, inflation climbs, TCS payout, RBI penalties
India's GDP ranking slipped to sixth globally in 2025 and 2026 due to a downward revision in nominal GDP and rupee depreciation. Retail inflation rose to 3.4% in March, driven by price increases in sectors affected by the West Asia conflict.
India's GDP ranking fell to sixth globally in 2025 and 2026, behind the UK, due to a downward revision in nominal GDP and sharp rupee depreciation. The International Monetary Fund's latest data showed India's GDP at $3.92 trillion in FY26 and $4.15 trillion in FY27. Retail inflation edged up to 3.4% in March, driven by rising prices in sectors exposed to the West Asia conflict. Airfare inflation surged to 14.2%, and LPG inflation rose to 5.3%. India's exports declined 7.4% year-on-year in March, and imports fell 6.5%, with trade with key Gulf countries contracting sharply. The unemployment rate rose to 5.1% in March, and an estimated 2.5 million Indians could fall into poverty due to the West Asia war.
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