India expected to grow faster at 6.2% in FY25: OECD

India expected to grow faster at 6.2% in FY25: OECD

Daily Current Affairs / India expected to grow faster at 6.2% in FY25: OECD

Change Language English Hindi

Category : Business and economics Published on: February 08 2024

Share on facebook

The OECD in its latest report has raised India's economic growth outlook to 6.2% of the projected growth relevance for the 2024-25 financial year, higher than the earlier estimated growth of 6.1%.
This positive change follows a strong performance in the 2022-23 financial year.
However, the growth rates forecasted for the coming financial years indicate a gradual moderation.
Real GDP growth is being decimated due to weakness in the international economic outlook and inauspicious weather conditions.
Despite this, the growth in services exports and the continued public configuration will support the economy.
In terms of managing inflation, the RBI is expected to reduce interest rates regularly from the second half of 2024.

Recent Post's

Pakistani troops fired at Indian posts along the Line of Control, heightening tensions after the Pahalgam civilian killings.
Read More....
India's extreme poverty dropped sharply from 16% to 2.3% in a decade, lifting 171 million people above poverty line.
Read More....
UDAN scheme completed 8 years, making air travel affordable for common citizens and boosting connectivity.
Read More....
SRFTI’s film “A Doll Made Up of Clay” selected for Cannes 2025, marking a historic entry for Indian cinema.
Read More....
DRDO successfully tested scramjet engine for 1,000 seconds, advancing hypersonic technology in India.
Read More....
India participated in 11th BRICS Labour & Employment Ministers’ Meeting 2025 held under Brazil's presidency.
Read More....
Iran offered to mediate between India and Pakistan amidst rising tensions after the Pahalgam attack.
Read More....
The 2nd Asian Yogasana Championships started in New Delhi to promote Yogasana globally.
Read More....
Former ISRO chief Dr. K. Kasturirangan, pioneer of Chandrayaan-1, passed away at 84 in Bengaluru.
Read More....
India's direct tax collection grew by 13.57% in FY25 but slightly missed the revised target.
Read More....