The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.
India's GDP is expected to fall below 6.5 per cent for the current financial year 2025, as GDP growth in the second quarter (Q2 FY25) slowed to 5.4 per cent, according to a report by the State Bank of India (SBI).
Upasna Bhardwaj, chief economist at Kotak Mahindra Bank, noted that the sharp dip in GDP growth reflects the disappointing corporate earnings data, particularly in the manufacturing sector, which appears to have faced the brunt of the slowdown.
Multinational investment bank Goldman Sachs forecasts India's GDP growth to decelerate to 6.3 per cent in 2025, over continued fiscal consolidation and slower credit growth.
India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA.
Secretary to the Department of Economic Affairs, Ajay Seth, on Wednesday asserted that the government doesn't see any significant downside risks on economic growth, despite a slight slowdown and an uptick in inflation.
New Delhi [India], November 12: Launching our Global Economic Forum Summit at Russia Brochure by Dr Hari Krishna Maram Founder Chairman Global Economic Forum along with Chief Adviser to the Russian President and Executive Secretary of the Eastern Economic Forum EEF Organizing Committee Anto
India's economy is expected to grow by 6.9 per cent in the second quarter of the current financial year, surpassing the 6.7 per cent growth rate recorded in the first quarter, highlighted a report by Bank of Baroda.
India's GDP growth for the second quarter of the current fiscal year could be around 6.5 per cent, according to a report by the State Bank of India (SBI).
The result of US presidential election will have significant impact on Chinese government trade policies. A recent report by Barclays says if Donald Trump returns to power, it could escalate tensions between the U.S. and China into a full-scale trade war.