RBI retains 7% GDP growth projection for 2024-25 due to normal monsoon, inflation control, and manufacturing/services momentum.
The Reserve Bank of India (RBI) has retained the GDP growth projection at 7% for the 2024-25 fiscal year, due to expectations of a normal monsoon, moderating inflationary pressures, and sustained momentum in manufacturing and services sectors. Despite risks from geopolitical tensions and disruptions in trade routes, the outlook for agriculture and rural activity appears promising, with good rabi wheat crop and improved prospects of kharif crops.
April 05, 2024
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