The Asian Development Bank (ADB) has upgraded India's gross domestic product (GDP) growth forecast for financial year 2024 from 6.7 per cent to 7 per cent and 7.2 per cent in financial year 2025.
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done tightening its monetary policy have all contributed to painting a bright picture for the Indian economy.
According to Morgan Stanley, the outlook for India's GDP growth remains robust, with the expectation that growth will track around 7 per cent in the fourth quarter of the financial year 2023-24 (QE Mar-24).
Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4 per cent in its latest Global Economic Outlook (GEO), arguing that the prospects for growth world over in the near-term have improved.
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level, and signs that the central bank is done with their monetary policy tightening have painted a bright picture for the Indian stock market.
The World Bank has retained India’s GDP growth forecast for the financial year 2023-24 at 6.3 per cent, but noted that the country continued to show resilience against the backdrop of a challenging global environment.
S&P Global Market Intelligence has revised the global real GDP growth forecast for 2023 to 2.5 per cent, primarily owing to upward revisions in the US forecast.
New Delhi [India], October 11 (ANI): The International Monetary Fund (IMF) has lowered India's GDP growth forecast for the current year by 60 basis points to 6.8 per cent. However, despite the slowdown, India would maintain its position as the fastest-growing major economy in the world.
New Delhi [India], September 21 (ANI) The Asian Development Bank (ADB) lowered India's GDP growth projection for the year 2022-23 to 7 per cent from the earlier 7.2 per cent based on higher-than-expected inflation and monetary tightening.
New Delhi [India], September 1 (ANI): Rating agency Moody's Investors Service has once again lowered India's economic growth forecast for 2022 to 7.7 per cent.
New Delhi [India], July 21 (ANI): Industry body FICCI has downgraded India's annual Gross Domestic Product (GDP) growth forecast for the financial year 2022-23 at 7.0 per cent --- with a minimum and maximum growth estimate of 6.5 per cent and 7.3 per cent, respectively.