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. ...
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...
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...
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...
The apex bank kept the real GDP growth projection for FY24 unchanged at 6.5%. CPI inflation forecast for FY24 is also maintained at 5.4%. The RBI’s decision of keeping Repo Rate unchanged has gone down well with the realty players, especially among those operating in the housing segment....
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. ...
“Amidst robust economic growth and controlled core inflation, the MPC of the RBI adopted a measured approach and kept the interest rates unchanged at 6.5%, leading to a rate pause for the ninth consecutive time. We believe that the RBI’s decision is prompted by India’s strong ...
The Reserve Bank of India’s sixth and last bi-monthly Monetary Policy Committee meeting in FY19 has been scheduled on 5 to 7 February 2019. Highlights: Real gross domestic product (GDP) is likely to grow at 7.4 % in 2018-19 which was 6.7 % in 2017-18. It is expected to accelerate...
"our baseline view is predicated on the next gdp report due in late november falling well short of the committee's unusually rosy forecasts," said chanco. while india is expected to remain the fastest-growing big economy, growth was forecast to taper off...
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 ...