Urban demand slows, overall economy strong: FinMin
The finance ministry highlights growth challenges stemming from geopolitical conflicts, economic fragmentation, and high market valuations in advanced economies
indian economy
October 2024
September 2024
IMF hints at 'sustained slowdown' in China, India in 2025
IMF says Emerging Asia’s strong growth is expected to subside, from 5.7% in 2023 to 5% in 2025. In China, the slowdown is projected to be more gradual
India's growth to pick up in H2 FY25: ICRA
ICRA expects the slowdown in economic growth in Q2 FY25 to be transient
Industrial production shrinks by 0.1% in Aug; mining, power see decline
Top 3 positive contributors to IIP growth in August 2024 were intermediate goods, consumer durables and infra or construction goods
MPC meet: RBI likely to change 'stance' but continue rate cut pause until Dec
HSBC says some growth indicators are softening, though it may be rotation between sectors rather than a slowdown; core inflation remains low but food and fuel could fall
Movements in high-frequency indicators fit well with 6.5-7% GDP growth projection: FinMin
FinMin flags the challenge of navigating uncertainty in the global context, with an imminent cycle of policy rate cuts, fears of a recession in advanced economies and geopolitical conflicts
Moody's upgrades India's economic growth forecast to 7.1% in 2024
The revision comes amid Moody's forecast for Asia-Pacific for 2024, which shows the region outpacing the global economy in terms of growth
S&P retains India’s GDP forecast at 6.8% for FY25; expects rate cut by Oct
The global ratings agency says India’s growth will moderate in FY25 from a high base in fiscal 2023–24 but remains the fastest economy in the world
Despite moderation in Q1, Indian growth story remains ‘intact’: Das
RBI Governor Shaktikanta Das says to transition from an emerging to an advanced economy by 2047, the economy needs a "multi-pronged and multi-sectoral approach"
