India's GDP growth to surpass 6.5% in FY26, driven by Sitharaman's tax cuts: Moody’s

India's real GDP growth is expected to exceed 6.5% in fiscal 2025-26, supported by higher government capex and consumption boost from tax cuts and interest rate reductions. Moody's forecasts a stable outlook for the banking sector, despite moderate deterioration in asset quality. Further rate cuts by the RBI are predicted to be cautious amid global economic uncertainties.