Date: 12/02/2024

GDP seen growing at 7 pc in FY25: RBI

India’s GDP has been projected to grow by 7 per cent in FY25, said Mr Shaktikanta Das, Governor, Reserve Bank of India (RBI). Improving outlook for global trade and rising integration in the global supply chain will support net external demand. Headwinds from geopolitical tensions, volatility in international financial markets and geo-economic fragmentation, however, pose risks to the outlook, Mr Das said. Taking all these factors into consideration, real GDP growth for 2024-25 has been projected with Q1 at 7.2 per cent (earlier projection: 6.7 per cent); Q2 at 6.8 per cent (6.5 per cent); Q3 at 7.0 per cent (6.4 per cent); and Q4 at 6.9 per cent, with the risks evenly balanced. He emphasised that the continuing pass-through of monetary policy actions and stance is keeping core inflation muted. Crude oil prices, however, remain volatile, said a report.
Source: Exim News Service: Mumbai, Feb. 11