According to the government's September economic report, India's economic growth projection for the current fiscal year is still solid due to strong domestic demand, declining inflation, and recent consumption tax cuts.
Despite lower area under cash crops and oilseeds, as well as some crop losses due to weather, the report released Monday predicts that prices will remain low in the fiscal year that ends on March 31 due to a favourable forecast for food production.

Despite ongoing trade deal negotiations with the United States, India's September 2025 trade performance showed early indications of diversification in export destinations.
Half of the 50% punitive tariffs now applied to the South Asian country's exports to the United States are a result of retaliation for its purchases of Russian oil.
Recent trade data indicates that the tariff increases had an impact on roughly 55% of Indian shipments to the United States.
While a senior government official stated that a bilateral trade agreement with Washington was imminent, Trade Minister Piyush Goyal stated on Friday that India will not tolerate restrictions on its trading options or rush into accords.