The Indian economy is estimated to achieve a growth of 6.5 per cent in FY25 despite considerable external headwinds, the Monthly Economic Review by the Department of Economic Affairs (DEA), Ministry of Finance said.
The Reserve Bank of India (RBI) is expected to continue reducing the repo rate as economic growth faces potential headwinds and inflation is likely to come in the central bank's target range, according to a report by HDFC Mutual Fund.
Industrials, IT, and Energy have been downgraded to a Neutral stance, while Financials, Staples, and Materials remain Underweight due to valuation concerns and structural headwinds.
Despite the slowdown, the HSBC Services PMI data suggests that India's services sector remains resilient, with solid job creation, strong export growth, and steady business confidence. However, inflationary pressures and rising competition could act as headwinds in the coming months.
Retail automobile sales in India grew 9.1 per cent in 2024 to 2.61 crore units, defying multiple headwinds like extreme weather, elections, and uneven monsoons.
The two-wheeler segment faced headwinds in the domestic market, where sales fell by 19 per cent to 1,28,335 units from 1,58,370 units in December 2023.
Mumbai (Maharashtra) [India], December 6: Dun & Bradstreet, a global leader in business decisioning data and analytics, has released its Economy Observer report for November 2024. Economy Observer is a monthly report that shares an in-depth analysis on key macroeconomic developments in I
Das said, "Soft landing has been ensured, but risks of inflation coming back and growth slowing down do remain. The headwinds from geopolitical conflicts, geoeconomic fragmentation, commodity price volatility and climate change continue to blow."
White House Press Secretary Karine Jean-Pierre in her first press briefing since Tuesday's election blamed the 'global headwinds' for Democrats' loss in the Presidential elections.