India’s economy grew by faster-than-expected 7.4% in the March quarter

India’s economy grew 7.4% year‑on‑year in the March quarter of 2025, surpassing expectations and marking the fastest pace of growth for the fiscal year. This was driven by strong domestic consumption and limited export dependence, despite global economic uncertainty and U.S. trade tensions. The Reserve Bank of India cut interest rates to 6% to support growth and may cut rates again. India’s full‑year growth hit 6.5%, matching the government’s estimate, CNBC has reported. The IMF projects India’s economy will overtake Japan’s in 2025, making it the world’s fourth‑largest economy.