4. According to the Finance Ministry, India’s FY24 GDP growth rate is expected to exceed its earlier forecast of 6.5%. The GDP growth rate is expected to comfortably exceed Finance Ministry’s earlier forecast after Q2 GDP growth performance at 7.6%. India’s GDP already grew 7.7% in the...
9. IMF raised India's FY24 GDP growth rate forecast by 20 basis points. IMF predicted that India’s GDP growth would be 6.3% in FY 2024. It raised India’s GDP growth forecast by 20 basis points. It has increased the GDP forecast due to stronger consumption between April and June. IM...
There is also the problem of increasing indebtedness in rural households. The NABARD study also showed that 55% of all agricultural households were now indebted, higher than the previous version of the survey. At the same time, the RBI has raised concerns about arisinghouseholddebt to GDP ratio...
With the Indian economy, Asia's third-largest, growing faster than expected in the previous year, the RBI raised its GDP growth projection for the current fiscal through March 2025 to 7.2 per cent from 7 per cent while maintaining its inflation forecast at 4.5 per ...
It marginally upped its forecast of India's GDP growth in the current fiscal year starting April 1 to 6.5 per cent from 6.4 per cent forecast earlier. This compares with an expected 7 per cent growth in 2022-23 (April 2022 to March 2023) fiscal. ...
9. India's FY24 GDP growth forecast has been raised by IMF by 20 basis points to 6.1%. International Monetary Fund (IMF) has also revised the upward growth forecast for the global economy by 20 basis points for 2023 to 3%. IMF raised India's FY24 GDP growth forecast citing its stronge...
The Organisation for Economic Co-operation and Development (OECD) has lowered India’s GDP growth forecast from 6.9% to 6.6% for FY 23. The OECD in its latest economic outlook report said that economic growth has lost momentum in India due to erratic rainfall. ...
7. World Bank increased India’s growth forecast for FY25 to 7%. World Bank raised India’s growth forecast for Fiscal Year 2024-25 by 40 basis points to 7 per cent. Its earlier forecast was 6.6 per cent. The debt-to-GDP ratio is projected to decline from 83.9 per cent in FY23/24...
For China, the growth forecast has been revised upward to 5 percent in 2024, mainly due to a surge in private consumption in the first quarter and strong exports. During the financial year 2023-24, the country's GDP grew at an impressive rate of 8.2%, as per the official data from the...
For FY 2023-24, the World Bank has decided to retain India’s GDP growth at 6.3%. TheWorld Bank in its April reporthad cut India's growth forecast for 2023-24 to 6.3 per cent from the earlier 6.6 per cent. In the latest report, the World Bank highlighted India's remarkable resilience...