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Source: U. Chachra and B. Gambhir, “India Economics – Macro Indicators Chartbook: Balancing Growth and Stability amid Uncertainty,” Morgan Stanley India Company Private Limited, 7/24/25.
Source: Chachra & Gambhir, 2025, pp. 22-23.
Source: “World Economic Outlook: A critical juncture amid policy shifts” (update released July 2025), International Monetary Fund, April 2025.
Source: “All banks need to swiftly pass on 50
Source: “Highlights of the annual banks’ performance in FY 2024-25” [press release], Reserve Bank of India, May 2025.
Source: “FMCG Growth Momentum Shifts: Rural India and Small Players Take Charge” [market analysis], NielsenIQ, 2025.
Source: “India services growth hits 11
Source: “Services exports reach USD 387.5 billion in FY 2024-25” [Government of India press release], Press Information Bureau, 5/1/25.
Source: “Highlights of Union Budget 2025
“Year
Source: “Google to invest $6 billion in southern India data centre, sources say,” Reuters, 7/30/25.
Sources: “India Hyperscale Data Center Market Size, Share and Forecast” [industry report], Credence Research, 10/8/24; “UPI Handles 84% of India’s Retail Payment Volume in FY25: RBI report” [online article], Medianama, 5/30/25.
14Source: S. Sethuraman, “Morgan Stanley sees Sensex at 89,000 by June 2026, upside potential of 8%,” Business Standard, 5/21/25.
Source: “A study on the impact of FII and DII net investments on Nifty 50 index. Journal of Emerging Market Research, 2015-2025 trends,” Neliti, 2025.
Source: “India’s corporate earnings growth stays weak, banks and IT firms disappoint,” Reuters, 8/5/25.
Source: Khandekar, 2025.
Source: “PM Modi hails India’s journey towards self-reliance and global leadership in defence manufacturing” [press release], Government of India Prime Minister’s Office, 4/1/25.
Sources: “India to decline F35 fighter jet deal after Trump’s 25% tariff salvo” [news article], The Economic Times, 8/1/25; “Make in India’s leap in electronics manufacturing & exports” [Government of India press release], Press Information Bureau, 4/8/25.
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