The Indian economy is anticipated to experience a consistent growth of 6.7 percent annually from 2024 to 2031, as per the latest report by CRISIL.

Economy Business

The Indian economy is anticipated to experience a consistent growth of 6.7 percent annually from 2024 to 2031, as per the latest report by CRISIL. This projection slightly surpasses the pre-pandemic average of 6.6 percent. After achieving a robust 7.3 percent growth in the current fiscal year, CRISIL predicts a moderation to 6.4 percent in the next financial year. The report points out that in December 2023, India's inflation level stood at 5.7 percent, primarily driven by fluctuating vegetable prices and food grain inflation.


      Even as the finance ministry expects FY24 economic growth to exceed the central bank’s projection of 7 percent, it also expects growth in the following year, FY25, to be close to 7 percent.

      Separately, agencies such as the International Monetary Fund and the World Bank have predicted FY25 gross domestic product (GDP) growth in the region of 6.3-6.4 percent.

     

 

     


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