Date: 12/04/2024

GDP seen growing at 7 pc in FY25

India’s real GDP is expected to grow 7 per cent in 2024-25, with June quarter growth at 7 per cent and September quarter at 6.9 per cent, said Mr Shaktikanta Das, Governor, Reserve Bank of India. In the third and fourth quarters, the growth is expected to be 7 per cent each. Announcing the current fiscal’s first bi-monthly monetary policy, the RBI Governor said that rural demand is gathering pace and sustained growth in the manufacturing sector should boost private investment. However, there are headwinds from geopolitical tensions and disruptions in the global trade route. Therefore, the Reserve Bank retained the GDP growth forecast of 7 per cent for the 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24, as per a report.
Source: Exim News Service: Mumbai, April 11