India’s annual GDP growth projected to be between 7-7.2 pc in FY25: Deloitte
Dr. Rumki Majumdar from Deloitte India said that India’s economy is emerging with resilience as the dust settles after a high-stakes elections period.
Dr. Rumki Majumdar from Deloitte India said that India’s economy is emerging with resilience as the dust settles after a high-stakes elections period.
India’s economic performance in the April-June quarter, though slightly below expectations, continues to demonstrate the resilience that has positioned it as the world’s fastest-growing major economy. With a GDP growth of 6.7 per cent year-on-year, India outpaced China’s 4.7 per cent growth during the same period.
As China’s rubber-stamp parliament convenes in Beijing, the world watches with a mix of anticipation and concern, dissecting the economic roadmaps and power dynamics laid bare in the highstakes political theatre.
Real GDP is estimated to attain a level of Rs 171.79 lakh crore, as against the Provisional Estimate of GDP for the year 2022-23 of Rs 160.06 lakh crore, released on 31 May, 2023.
Modi reiterated that India’s growth story is based on the government’s top priority to policy, good governance and the welfare of the citizens.
The Indian economy emerges as a beacon of resilience, standing strong despite the headwinds of a global economic slowdown.
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Ramesh said, "With growing inequality, even this disappointing GDP growth of 6% will not lead to rising incomes for the vast majority of Indians".
India’s GDP grew at the rate of 7.8 per cent during the April-June quarter of the current financial year 2023-24,…
The repo rate is the rate of interest at which RBI lends to other banks. The Reserve Bank of India's (RBI) monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent.
