RBI forecasts India's FY25 GDP growth at 7.2%, with CPI inflation moderating to 4.5%. The Reserve Bank of India (RBI) has projected India's real GDP growth for FY25 at 7.2 per cent, while CPI inflation for the fiscal year is expected to moderate to 4.5 per cent...
India has one of the youngest working populations in the world, with approximately 53% of its citizens under the age of 30. The rating agency projected that China's GDP growth will slow to 4.6% in 2024 (in 2023: 5.4%), then accelerate to 4.8% in 2025, and return to 4.6% in 2026....
“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 ...
India’s realGDPis likely to have grown by 7% in 2022-23 and economic activity remains resilient to global spill-overs. The banking turmoil in some countries and the volatility in the rupee are being closely monitored by the RBI. The RBI marginally revised upwards the economic growth projection...
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...
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. ...
8. RBI’s economic activity index (EAI) has nowcast GDP growth for Q1 (April-June) FY24 at 7.6%. This is against real GDP growth of 7.8% projected in the April 2023 Bi-monthly Monetary Policy Statement. The nowcast GDP growth is based on partial data available for April 2023. ...
The RBI governor projected the real GDP growth for the financial year 2023-24 to be 6.5%. Real GDP growth for 2023-24 is projected at 6.5% with Q1:2023-24 at 8.0%; Q2 at 6.5%; Q3 at 6.0%; and Q4 at 5.7%. The real GDP growth for Q1FY25 has been projected at 6.6%. ...
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%. ...
In its December edition of the Global Economic Outlook, Fitch has retained India’s growth forecast at 7% for this fiscal. It has cut projections for next 2 years. Fitch projected India's GDP would slow to 6.2% in 2023-24 and 6.9% in 2024-25. ...