Prolonged high rates are likely to weigh on the gross domestic product (GDP) growth this fiscal, according to the report
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India is moving ahead towards 8 per cent GDP growth in a sustained manner, adding that the average growth India recorded in the last three years is 8.3 per cent
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According to S&P, India's GDP is projected to grow at a rate of 6.7 per cent in 2024 and 6.3 per cent in 2025.
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The report projects a steady increase in India's infrastructure investment
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According to the data released by by the Union Ministry of Finance, Net Direct Tax collections for FY 2024-25 have also seen significant growth, registering a 20.99 per cent increase to Rs. 4,62,664 crore
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The US ratings agency has projected growth of China to slow down at 4.5 per cent due to declining exports and reduced government spending.
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Agriculture and services sectors see strong CII growth projections for FY25
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Credit quality in India’s financial system has improved, with record-high profitability, low delinquencies and domestic-oriented funding underpinning stable credit ratings
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India ranks sixth globally for its employment outlook during the July to September quarter of 2024
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World Bank said India will remain the fastest-growing of the world's largest economies
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