S&P Global pegs India’s GDP growth forecast for FY24 at 6.4 pc
The headline consumer price inflation is likely to be at 5.1 per cent for 2024 against 4.7 per cent estimated by the Reserve Bank of India.
The headline consumer price inflation is likely to be at 5.1 per cent for 2024 against 4.7 per cent estimated by the Reserve Bank of India.
According to the World Bank, India is expected to grow at 6.4% in FY25 and 6.5 in FY26.
It added that the economic growth in developing Asia is set to rebound to 7.3 per cent this year.
Besides, it said that trade has also normalised faster than the rest of the economy, with both exports and imports scaling pre-pandemic levels.
Official estimates project a contraction of around 7 per cent in FY21.
