The RBI has revised up GDP growth for fiscal 2025 to 7.2 per cent from 7.0, with 7.3 per cent projected in the first quarter
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The new industrial policy is needed at this juncture to strengthen industrial development and employment creation in the country, says PHDCCI
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The food inflation is still above the normal limit and continuously posing a challenge to the deflation process of RBI
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As per Crisil Ratings, the growth moderation in the fourth quarter (Q4) was driven by the fixed investment segment on the demand side
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Overall, S&P Global Market Intelligence projects private consumption to improve gradually to grow 6.9 per cent in the current financial year 2024-25
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The substantial growth rate is indicative of the strong economic policies implemented by the government, coupled with the resilience and industriousness of the Indian populace
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The projection is cited to enhance activities in real estate, renewable energy, and semiconductors among other sectors.
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The improved growth outlook is supported by several factors, including sustained government capital expenditure, deleveraged corporate and banking sector balance sheets, and the emerging private corporate capital expenditure cycle
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