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.
This praise for India's cash transfer scheme comes as the country continues to maintain its position as the fastest-growing major economy in the world.
The monthly economic review released by the Finance Ministry noted that as external pressures will diminish, inflationary pressures are expected to wear down.
On Thursday, RBI retained its key short-term lending rates during the sixth and final monetary policy review of FY22.
The revised figure was slightly better than an averagely predicted annual growth of 1.8 percent by private-sector economists surveyed by local media.
As per Ind-Ra, the Indian economy was witnessing a consumption slowdown even before the Covid-19 pandemic.
