India Ratings and Research (Ind-Ra) revised upward the country's GDP growth estimate for FY25 to 7.1 percent from 6.5 percent earlier.

Economy Business

India Ratings and Research (Ind-Ra) revised upward the country's GDP growth estimate for FY25 to 7.1 percent from 6.5 percent earlier. The new projection slightly exceeds the Reserve Bank of India's (RBI) forecast of 7.0 percent. The agency's forecast indicates higher growth than RBI's for the first and fourth quarters of FY25 but lower for the second and third quarters. Ind-Ra expects private final consumption expenditure (PFCE) to grow by 7.0 percent year-on-year in FY25, marking a three-year high. Government capital expenditure continues to drive investment demand, with Gross Fixed Capital Formation (GFCF) expected to grow by 8.5 percent year-on-year in FY25. Ind-Ra forecasts goods and services exports to grow by 6.6 percent year-on-year and imports by 8.8 percent year-on-year in FY25, compared to 1.5 percent and 10.9 percent, respectively, in FY24.


     

     

     

 

     


          ____________________________