RBI Governor Das Forecasts GDP Growth Near 8% for FY24
According to the National Statistical Office (NSO), the October-December quarter is projected to witness growth of 8.4 percent. Furthermore, the NSO has revised its GDP estimates for the first and second quarters upward to 8.2 and 8.1 percent, respectively, from the earlier figures of 7.8 percent and 7.6 percent.
India's Projected Growth: 6.8% in FY'25, Eyes Upper Middle-Income Status by 2031
Outlined in its India Outlook report, Crisil suggests that the Indian economy will derive momentum from both domestic structural reforms and cyclical factors, thereby potentially sustaining or even enhancing its growth trajectory to secure the position of the world's third-largest economy by 2031.
Indian Economy Set to Shine: Finance Ministry Projects 7% GDP Growth for FY'25"
The report highlights that the Indian economy is expected to grow by 7.3 percent in the current financial year, marking the third consecutive year of GDP growth exceeding 7 percent. Notably, the Ministry of Statistics and Programme Implementation's first advance estimates for FY24 project growth above 7 percent, leading several global agencies to revise their growth forecasts for India upwards.
India set to become world's third-largest economy by 2030: S&P
S&P envisions India achieving the 7% GDP growth milestone in 2026-27, positioning the country to become the third-largest global economy by 2030 and forecasting it as the fastest-growing major economy over the next three years.
RBI Bulletin Forecasts Accelerated GDP Growth for India in Q3 of 2023-24
The report indicates a sequential rise in India's GDP growth for the mentioned quarter, buoyed by sustained festival-related consumer demand.
Fitch Upgrades India's GDP Growth Outlook, Downgrades China's
Fitch has also lowered its estimate for the growth of 10 emerging economies to 4 percent from the earlier estimate of 4.3 percent. These adjustments in growth forecasts reflect changing economic conditions and outlooks in the respective countries.
Creditable! Buoyed by positivity on GDP, banks expect steady credit growth
The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) to grow at 6.5 per cent in Financial Year (FY) 24.
Advertisement