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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This optimistic outlook aligns with the Reserve Bank of India's (RBI) latest monetary policy report, which predicts a robust growth rate of 7.2 per cent for India in the fiscal year 2025.
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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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According to the report, the Reserve Bank of India (RBI) interventions are expected to limit any rupee volatility
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Ind-Ra's analysis underscores the significance of this shift, projecting a GDP growth of 7.1 per cent for FY25
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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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Real GDP has been estimated to grow by 8.2 per cent in FY 2023-24 as compared to the growth rate of 7.0 per cent in FY 2022-23
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