India fastest growing economy, GDP to grow at 6.6% in FY25: World Bank
The World Bank maintained its growth forecast for India at 6.6% for FY25.
The World Bank maintained its growth forecast for India at 6.6% for FY25.
This is the 8th time in a row that the RBI committee has decided to keep the repo rate unchanged
Measures like OMO sales or Market Stabilisation Scheme (MSS) may be undertaken in the second half of the fiscal year to sterilise the inflows.
Evidence shows the disconnect between growth and equity with the elusive ‘shared prosperity’ or ‘inclusive’ growth.
Top 4% of India’s earning population with over $10,000 annual gross income is contributing heavily to the country’s consumption while the bottom 57% seems to be barely subsisting
The growth forecast of 6.9% represents an uptick from the 6.2% estimate provided by the UN in January 2024
Household finances, workers’ wages, agricultural income are going down, severely damaging key growth engine—consumption
Deloitte states that by 2030/31, half of India's households will fall into the middle-to-high-income bracket, further boosting consumer spending.
The chamber estimates that the contribution of services to India’s GDP will be 54%, followed by industry (34%) and agriculture (12%) in 2047.
A strong growth trend domestically, driven by capex and productivity, implies that rates could be higher for longer, says Morgan Stanley