Indian economy projected to grow 7-7.5% in FY25 due to normal monsoon, reduced uncertainty, and benign global outlook, per NCAER.
The Indian economy is projected to grow over 7% and closer to 7.5% in FY25, according to NCAER. The growth is expected to be driven by a normal monsoon, reduced electoral uncertainty, and a relatively benign global outlook. NCAER's director general Poonam Gupta said that the Union Budget 2024-25 maintains a commitment to fiscal consolidation, prudence, and quality, with a fiscal deficit target of 4.9%.
July 29, 2024
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