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.
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25. The quarterly growth was much lower than RBI's forecast of 7 per cent. In the April-June quarter too, India's GDP grew at a slower pace than was estimated by the central
Haryana Chief Minister Nayab Singh Saini, in a press note, said, "Under the visionary leadership of Prime Minister Narendra Modi, India will succeed in becoming a developed nation by 2047 and is on fast track to emerge as the world's third-largest economy by 2029."
Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal lauded the leadership of Prime Minister Narendra Modi and said that India's economy is thriving, and cultural legacy is being rejuvenated under the vision of "Ek Bharat, Shreshtha Bharat".
Revolutionary Socialist Party MP NK Premachandran raises concerns over India's fiscal situation, questions the feasibility of a $5 trillion economy and 7% GDP growth target.
According to the report, both the government and the RBI are expected to announce crucial steps aimed at stimulating growth in the face of a slowing economy.
Amid evolving economic conditions, Deloitte India, in its latest Economic Outlook, has revised its annual GDP growth projection for 2024-25 to 6.5-6.8 per cent, with expectations for 6.7-7.3 per cent in the following year.
The International Monetary Fund (IMF) retained India's growth forcastat 6.5 per cent for for fiscal 2026 and fiscal 2027, the global economic body said in its World Economic Outlook report.
The Indian economy, in real terms, is expected to grow by 6.4 per cent in 2024-25 as compared to the 8.2 per cent growth in 2023-24. It is 20 basis points less than RBI estimates.
As the curtains come down to the calendar year 2024, Uday Kotak, Founder and Director of Kotak Mahindra Bank, has listed ten-point priority areas for the overall growth of the Indian economy in the year that knocks our doors.
High frequency indicators for the third quarter of 2024- 25 (October-December) indicate that the Indian economy is recovering from the slowdown in momentum witnessed in July-September, driven by strong festival activity and a sustained upswing in rural demand, Reserve Bank of India (RBI) sa
A nearly 26 per cent rise in FDI to USD 42.1 billion during the first half of the current fiscal year 2024-25 helped India's gross foreign direct investment (FDI) inflows reach an impressive USD 1 trillion since the start of this century