NEW DELHI: India’s economy is expected to see a boost in Q4FY25, supported by a sustained increase in government spending and capital expenditure (Capex), alongside a pickup in consumption driven by the Maha-Kumbh and wedding season, according to a report by Union Bank of India.The report added that the Reserve Bank of India (RBI) has…
NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) has revised its GDP growth forecast for India to 6.4 per cent for the financial year 2024-25 marking a notable reduction from its September 2024 estimate of 7.0 per cent. GDP growth for the year 2023-2024 was recorded at 8.2 per cent.FICCI’s forecast…
NEW DELHI: SBI in its latest report has projected India’s GDP growth at 6.3 per cent for FY25, which is below RBI’s 6.6 per cent forecast. The first two quarters of FY25 show an average growth of 6.05 per cent.“We believe that GDP growth for FY25 will be lower than the RBI’s estimate and we…
Rating agency Crisil has projected India’s GDP growth to decline from 8.2 percent last year to 6.8 percent in the current fiscal year 2024-2025, pressured by rising interest rates and limited fiscal stimulus.The report mentioned that risks are tilted toward the downside given the lacklustre second-quarter growth numbers.However, many high-frequency indicators from October, such as…
NEW DELHI: The Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, global ratings agency Moody’s Ratings said on Friday and forecast 7.2% growth for calendar year 2024, followed by 6.6% in 2025 and 6.5% in 2026. Moody’s said India’s economy is growing robustly and has the potential…
