Morgan Stanley Research expects India’s GDP growth for FY25 to moderate to 6.5 percent from 6.9 percent projected for FY24.

Economy Business

Morgan Stanley Research expects India’s GDP growth for FY25 to moderate to 6.5 percent from 6.9 percent projected for FY24. ICRA, meanwhile, has projected the year-on-year (Y-o-Y) GDP growth to moderate sequentially to 6 percent in Q3 FY24 from 7.6 percent, led by agriculture and industry sectors. Expecting the GDP growth to remain healthy, Morgan Stanley Research has projected growth for the third quarter of FY24 ending December 2023 at 6.5 percent, even as it slows from 7.7 percent in the first half of the current financial year. The capital outlay and net lending of 25 state governments shrank by 3.9 percent Y-o-Y, after having surged by 42.4 percent in Q2 FY24. The tighter monetary policies would translate into global inflation declining to 6.9% in 2023 and 5.8% in 2024 (2022: 8.7%).


      India Ratings expects India's current account deficit to narrow to 1.3% of GDP in FY24 from 2.0% in FY23, in response to the evolving domestic and global demand conditions.

     

     

 

     


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