Rating agency Crisil has revised India's gross domestic product (GDP) growth to 6.5 per cent for the current fiscal, supported by expectations of above-normal monsoon, rate cuts and the government's rural support schemes.
According to a recent report by ICRA it reveals that, intensifying risks such as geopolitical tensions in West Asia, volatility in financial markets, and uncertain trade policies are likely to pose downside risks to the India's GDP growth forecast.
Indian economy is expected to grow at 6.9 per cent in the January-March quarter 2025, the official data for which is scheduled to be released on May 30 by the National Statistics Office, according to rating agency ICRA.
India must grow around 8 per cent for a decade or two to achieve its Viksit Bharat dreams, the Economic Survey has asserted, at a time when the country's growth showed weak progress in the first two quarters of the current financial year.
In a volatile trade, Indian stock indices - Sensex and Nifty - closed Tuesday's session largely on a steady note. The indices started the day flat and later oscillated between red and green, but closed with marginal gains.
Newly elected President of the Confederation of Indian Industry (CII) and Managing Director of ITC, Sanjiv Puri, stated that within a few years, India will undoubtedly be among the world's top three economies.
The Confederation of Indian Industry (CII) anticipates that India's GDP will grow by 8 per cent in 2024 during an event in Delhi on Thursday focused on the country's Economic Growth Outlook.
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
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.
Stressing the importance of making India a developed nation by 2047, Prime Minister Narendra Modi on Friday said that India is one of the fastest-growing major economies in the world today and highlighted the economic statistics for the latest quarter that emerged yesterday.