During a briefing on the Q3 GDP numbers, Nageswaran expressed optimism about India's medium-term economic prospects. He cited strong rural demand, recovering urban consumption, robust kharif production, and better rabi sowing as positive indicators for output growth.
High-frequency indicators point towards a sequential pick-up in the momentum of economic activity during the second half of 2024-25, which is likely to sustain moving forward, RBI said on Wednesday in its monthly bulletin.
Delhi NCR [India], February 6: The Union Budget 2025 has set the stage for sustained economic momentum, with significant allocations for infrastructure, tax reforms, and urban transformation. For the real estate sector, it brings both opportunities and areas for further contemplation. While
Global economic growth continues to provide a stable foundation for financial markets. Equity markets have experienced a strong rally over the past two years, driven by sustained economic growth, particularly in the United States.
Easing inflation, favourable monsoon conditions, and increased government social spending are expected to boost household demand. Additionally, healthy corporate balance sheets are playing a vital role in supporting the recovery of private investment.
The Services PMI, recorded 60.3 in July 2024, has consistently held above the 60-mark for seven consecutive months. This sustained performance is attributed to strong demand, increased investment in technology, and new business gains.
According to a press release by the Ministry of Finance, these figures underscore the country's strong economic performance and a healthy tax compliance environment.
India is currently enjoying a robust economic phase, often referred to as a "mini-Goldilocks moment," characterized by a combination of strong macroeconomic indicators.
The new projection slightly exceeds the Reserve Bank of India's (RBI) forecast of 7.0 per cent. The agency's forecast indicates higher growth than RBI's for the first and fourth quarters of FY25 but lower for the second and third quarters.
New Delhi [India], January 23: As the world's fastest-growing major economy, India aims to lead the 2024 market. Discover the top 10 entities that have charted impressive growth, reshaped the business industry, and captured the essence of India's economic momentum.
Demand for precious metal gold is expected to be muted in 2023 even as the economic momentum remains healthy and the RBI repo rate hike cycle has paused after a prolonged monetary policy tightening, according to World Gold Council.