India Ratings Forecasts GDP Growth to Moderate to 6.5% for FY25

India Ratings Forecasts GDP Growth to Moderate to 6.5% for FY25

Daily Current Affairs / India Ratings Forecasts GDP Growth to Moderate to 6.5% for FY25

Change Language English Hindi

Category : Business and economics Published on: February 26 2024

Share on facebook

India Ratings forecasts a moderation in GDP growth to 6.5% for FY25, slightly lower than the Reserve Bank of India's estimate of 7%, citing sustained government capital expenditure and healthy corporate performance as positive indicators for economic recovery.
The agency predicts headline retail inflation to be at 4.8% for FY25, 30 basis points higher than RBI's projection, with particular emphasis on a discrepancy in the third quarter where India Ratings forecasts 5.5%.
Private final consumption expenditure is expected to grow by 6.1% in FY25, up from 4.4% in FY24, but caution is expressed regarding a skewed consumption trend favoring upper-income households, indicating the need for broader-based consumption growth strategies.

Recent Post's

World renowned tabla maestro Pt. Swapan Chaudhary Kolkata was awarded the National Tansen Award for the year 2023.
Read More....
West Bengal Chief Minister Mamata Banerjee launched the "Banglar Bari" scheme to provide housing for the rural poor in the state.
Read More....
On 19th December 2024 in Goa, the 4th Asian Roll Ball Championship concluded with the Indian team's victory, winning the gold medal.
Read More....
Masali village in Banaskantha district, Gujarat, has become the first border village in India to run on solar energy.
Read More....
Indian environmentalist Madhav Gadgil has been awarded the United Nations Environment Programme (UNEP) Lifetime Achievement Award 2024.
Read More....
Tom Cruise was awarded the U.S. Navy's highest civilian award.
Read More....
The Indian Army has launched the AI Incubation Centre in Bengaluru to enhance its technological advancements and adopt Artificial Intelligence (AI).
Read More....
India will host the World Para Athletics Championship-2025 at Jawaharlal Nehru Stadium in New Delhi from 26th September to 5th October 2025.
Read More....
Chennai-born Indian-American Caitlin Sandra Neil was crowned Miss India USA 2024.
Read More....
Uttarakhand will implement the Uniform Civil Code (UCC) from January 2025, making it the first state in India to do so post-independence.
Read More....