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

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Category : Business and economics Published on: February 26 2024

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  • 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.
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