India GDP Growth: Indian economy plunged into global crisis; A growth forecast of 7.8% in 2026

India GDP Growth: Indian economy is currently becoming a ray of hope for the world. HDFC Bank’s latest report has presented encouraging data on the country’s financial condition. According to this report, India’s growth rate is estimated to be 7.8 percent in FY 2026 and 7.2 percent in FY 2027. These figures clearly show that despite the global challenges, the Indian economy is moving at a fast pace. Private consumption in the country is growing rapidly, reaching 8.7 percent in the third quarter of FY26.

GDP data shows that spending on consumer goods (such as clothing, footwear, furniture, home appliances, etc.) declined by 40 percent in FY 2025, while spending on essentials such as food, housing, utilities and health continued to rise, the report said. Growth had slowed at the start of FY26, but has picked up slightly in recent quarters. Due to improved consumption and increased capacity utilization, investment is expected to accelerate further in FY 2027.

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Manufacturing, financial, real estate, professional services and hospitality sectors are already experiencing high growth. The bank noted that adjusted for nominal GDP for fiscal year 2027, the debt-to-GDP ratio in the new series is estimated at 57.5 percent.

Gold and silver prices continue to rise. Gold and silver prices rose for the fifth consecutive day. As tensions in the Middle East escalate, investors are looking for a safe haven, which has boosted the prices of these metals. Gold prices rose more than 1 percent on Tuesday, pushing past $5,300. Silver prices also rose, reaching $91.61 an ounce. The first session of Multi Commodity Exchange is closed today. On Monday, MCX gold prices rose 2.53 percent to Rs 166.19 per 10 grams.

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Will gold go beyond 2 lakhs?

Harish V, Head of Commodity Research, Geojit Investments, says the price of gold can touch as high as Rs 2 lakh in the domestic market and as high as $6,000 per ounce in the international market. Experts believe that the price of silver can reach the level of 100 dollars again.