Krishna Bhimavarapu, APAC economist at State Street Global Advisors, says India's weak manufacturing and GDP numbers come as a surprise. He emphasized the need for India's administration to boost FDI activity and projected that the RBI will cut rates to spur economic growth. ...
India's GDP growth in 2008-09 will be less than the earlier forecast of 7.5-8% and could drop further in 2009-10, RBI governor D Subbarao said. "All indications are of a downside revision and we would be doing our own estimates," the governor told reporters after a meeting with Bengal...
6. Moody's raised India's 2024 GDP forecast to 6.8%. Moody's Investor Service raised India's economy GDP forecast to 6.8% from 6.1 %. Moody predicted that inflation will remain above the RBI’s target of 4 per cent. Moody's noted that the 8.4 per cent growth during the third quarter...
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 ...
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%. ...
The forecast of growth in merchandise exports and merchandise imports during 2018-19 have been revised up to 10.6 % and 14.5 %, respectively, The current account deficit (CAD) is expected at 2.7 % and 2.6 % of GDP in 2018-19 and 2019-20, respectively. ...
Salil Kumar, Director, Marketing and Business Management, CRC Group- “Once again, the RBI has made a commendable move by keeping the repo rate constant. With an exceptionally performing economy and good GDP growth, stable interest rates will benefit buyers and developers. This will f...
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. ...
It kept the GDP growth projections unchanged at 9.5 percent for the current fiscal and retained the inflation forecast of 5.3 percent for the full year. While the Indian economy has literally hauled itself out of one of the deepest contractions in April-June, it is not yet strong enough to ...
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...