India’s GDP growth at 6-quarter high in Q3; momentum to continue: RBI
High visibility of “structural demand and healthier corporate and bank balance sheets” will be galvanising forces for growth going forward, says the central bank
High visibility of “structural demand and healthier corporate and bank balance sheets” will be galvanising forces for growth going forward, says the central bank
"In the presence of continuing global economic slowdown, India may have to rely largely on domestic growth drivers," says a report by EY India.
Private final consumption expenditure (PFCE), which accounts for about 60% of the GDP from the demand side, is expected to grow 6.1% year-on-year in FY25.
Private consumption growth is likely to taper off, as the post-pandemic pent-up demand diminishes and persistent high food price inflation is likely to constrain spending, says World Bank.
Faster-than-expected expansion in July-September, driven by double-digit growth in industry to aid growth.
"We may be underestimating India's GDP, based on the current statistics, rather than overestimating it," says V Anantha Nageswaran
This is higher than the monetary policy committee's forecast of 6.5% GDP growth in Q2.
S&P Global slashes its outlook for growth in FY25 to 6.4%, from 6.9%
Ratings agency maintains FY24 GDP growth estimates at 6%, lower than MPC’s projection of 6.5% for the fiscal
GDP will grow primarily due to festive spending in the coming months followed by higher government spending before the upcoming general elections mid-next year