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

Category : Business and economics Published on: February 08 2024

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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.