EY安永：2025年上半年印度私募信贷市场研究报告（英文版）

India entered 2025 with renewed economic resilience, as easing global inflation, softening crude prices, and a supportive monetary cycle helped cushion external volatility. The FY25 real GDP grew at 6.5%, powered by resilient services and robust fiscal spending, even as industrial output and external trade lagged. With CPI inflation falling to 2.8% by May, its lowest in six years, the Reserve Bank of India (RBI) began a cautious ratecutting cycle, shifting to a neutral stance. Against this ba