India Ratings and Research raises India's FY25 GDP growth forecast to 7.1% from 6.5%, exceeding RBI's 7.0%.
India Ratings and Research (Ind-Ra) raises India's FY25 GDP growth forecast to 7.1% from 6.5%, exceeding RBI's 7.0% projection. The revised estimate is driven by sustained government capital expenditure, deleveraged corporate and banking sector balance sheets, and emerging private corporate capital expenditure. However, uneven consumption demand and export challenges due to global headwinds remain constraints.
May 06, 2024
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