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.
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
Brokerage and financial advisory services firm HDFC Securities expects India's GDP to grow at 6.4 per cent in 2024-25, with downside risks given a slowdown in urban demand and a lack of substantial revival in private capex.
Mumbai (Maharashtra) [India], December 19: Real-time payments boosted India's GDP by $50 billion in 2023, making it the world's largest market in terms of GDP growth, according to the Real-Time Payments: Economic Impact and Financial Inclusion report published by ACI Worldwide (NASDAQ: ACIW)
CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year.
The downward revision from the rating agency came soon after the Reserve Bank in its latest monetary policy cut growth forecast to 6.6 per cent from 7.2 per cent.
With India logging disappointing growth in the July-September quarter, Crisil now expects GDP growth to slow to 6.8 per cent this financial year 2024-25. Last year, India grew at 8.2 per cent.
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday. The quarterly growth was quite lower than RBI's forecast of 7 per cent.
S&P Global Ratings on Monday retained India's GDP forecast for the current financial year 2024-25 at 6.8 per cent while cutting economic growth forecasts for the next two years.
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.