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Date: 02/01/2025

Indian economy outlook bright, says RBI
 
The prospects for the Indian economy are expected to improve following the recent slowdown in GDP growth, with consumer and business confidence remaining high, said Mr Sanjay Malhotra, Governor of the Reserve Bank of India (RBI) in the foreword of the December 2024 edition of the RBI’s Financial Stability Report. He said that the consumer and business confidence for the year ahead remains high, and the investment scenario is brighter as corporations step into 2025 with robust balance sheets and high profitability. The report highlighted that, despite the recent deceleration, structural growth drivers remain robust. It said real GDP growth is expected to recover in Q3 and Q4 of 2024-25, supported by pick-up in domestic drivers, mainly public consumption and investment, strong service exports and easy financial conditions, as per a report. 
 
Source: Exim News Service: Mumbai, Jan. 1



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