NITI Aayog member Arvind Virmani and RBI predict India's FY25 GDP growth at 7-7.2%.
NITI Aayog member Arvind Virmani predicts India's GDP growth to be around 7% in the current fiscal year (FY25), with a potential growth rate maintained over several years. The Reserve Bank of India (RBI) has also pegged the FY25 GDP growth rate at 7.2%. Virmani acknowledges new challenges for the country and emphasizes that private consumption expenditures are recovering after the pandemic's impact on savings.
July 11, 2024
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