The International Monetary Fund (IMF) in its latest outlook raised India's growth projections for 2024 from 6.5 per cent to 6.8 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economies.
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) cited political instability, devastating floods, and policy slippage as major obstacles to Pakistan's economic progress in its annual Asian Development Outlook Report 2024.
India's retail leasing market is expected to reach between 6 - 6.5 million square feet in 2024, driven primarily by primary leasing activities while the foreign luxury retailers are also entering in India said the report 2024 India Market Outlook by CBRE South Asia Pvt. Ltd.
Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative from stable, citing risks to the country's public finance outlook and amid a transition away from real estate sector-led growth.
RBI Governor Shaktikanata Das, while announcing the RBI Monetary Policy Committee outcome on Friday, said that the growth is projected to be at 7.1 per cent in first quarter, followed by 6.9 per cent in second quarter and 7 per cent in both third and fourth quarters.
The first Monetary Policy Committee (MPC) meeting of financial year 2025 will be held on Friday, and the Reserve Bank of India is unlikely to cut rates.
Experts believe the central bank is very likely to maintain the status quo on interest rates along with caution on inflation and the geo-political outlook
The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.
This outlook comes amidst a backdrop of sustained momentum in credit growth, particularly across agriculture, MSME, and services sectors, as revealed by the latest credit growth numbers.
The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.