CRISIL's outlook on near term interest rate, expects two rate cuts by Reserve Bank of India (RBI) this fiscal. The outlook of the S&P global company CRISIL estimates real GDP growth of India to moderate to 6.8 per cent in this fiscal from 7.61
per cent last fiscal.
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.
Snapping a four-day winning streak, Indian stock indices closed sharply lower on Thursday, primarily due to risk aversion by investors amid weak global cues.
Fitch Ratings expects India's power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department's (IMD) forecast of above-normal temperatures during the summer months.
To achieve its developmental goals over the next three decades, the Indian economy must grow at a rate of 8-10 per annum over the next decade to reap the demographic dividend that started accruing from 2018 and, as calculations show, will last till 2055, according to an article in the Reserv
Noida (Uttar Pradesh) [India], April 23: Real estate sector has witnessed remarkable growth in both residential and commercial segments. With the implementation of various real estate regulatory reforms and optimistic GDP growth projections The upcoming 2024 Lok Sabha elections are expected
Following a series of relatively strong growth numbers in the first three quarters of financial year 2023-24, Moody's has revised India's real GDP growth projection to 8 per cent for the full year.
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.
Pointing out the sustained growth of the Indian economy over the past decade, European Parliament think tank expert, Angelos Delivorias said that India's GDP growth exceeding that of China reflects New Delhi's emergence as a formidable economic powerhouse in the global arena.
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.
Investment rate in India is expected to accelerate to 36.2 per cent of GDP by 2026-27 from 32.2 per cent of GDP in 2022-23, according to Morgan Stanley.