Fitch lowers India's FY 2023 GDP growth forecast to 7% from 7.8%: Report
2 years, 3 months ago

Fitch lowers India's FY 2023 GDP growth forecast to 7% from 7.8%: Report

Hindustan Times  

Fitch expects the Indian economy to slow down and said in a statement released late on Wednesday that it would cut the country's gross domestic product growth forecast for the current fiscal year through March 2023 to 7% from 7.8%. "We expect the economy to slow given the global economic backdrop, elevated inflation and tighter monetary policy," the rating agency said. "Inflation moderated in August as crude oil prices eased, but the risk to food inflation persists given negative seasonality towards the end of this year," they added. Since the central bank has said its future rate decisions would be calibrated, measured and nimble depending on economic dynamics, Fitch said it expects policy rates to peak in the near future and remain at 6% all through next year.

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History of this topic

How the Indian economy fared in 2024, in 9 charts
1 day, 8 hours ago

How the Indian economy fared in 2024, in 9 charts

Live Mint  

The year 2024 kept governments across the world on tenterhooks, with more than 60 countries, including India, holding elections, injecting uncertainty about how the outcomes would shape future fiscal, monetary, and trade policies. The Indian economy faced several challenges in 2024, from slowing growth to stubborn inflation to risks associated with personal loan growth. While the fight against inflation made …

Indian economy to grow 6.6% in FY26: Ind-Ra
5 days, 23 hours ago

Indian economy to grow 6.6% in FY26: Ind-Ra

The Hindu  

India Ratings and Research on Wednesday projected the Indian economy to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year. Ind-Ra believes investments will be a key growth driver for the Indian economy in FY26, like in FY22 and FY24. While the June quarter GDP growth of FY25 was impacted by the combination of a strong …

Modi govt says Q2 GDP slowdown ‘a temporary blip’, growth figures will improve in next quarters
1 week ago

Modi govt says Q2 GDP slowdown ‘a temporary blip’, growth figures will improve in next quarters

Firstpost  

Acknowledging that the July-September quarterly economic growth was ‘slower than expected’, Union Finance Minister Nirmala Sitharaman said growth will pick up soon in the upcoming quarters Union Finance Minister Nirmala Sitharaman on Tuesday acknowledged that the economic growth was “slower than expected” in the July-September quarter. Government believes that the Q2 GDP growth slowdown is a temporary blip, and we …

Will India's economic growth pick up pace? Nirmala Sitharaman answers
1 week ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

India FY25 GDP: Fitch slashes India’s growth forecast to 6.4% from 7% for 2025-26
1 week, 4 days ago

India FY25 GDP: Fitch slashes India’s growth forecast to 6.4% from 7% for 2025-26

Live Mint  

India's growth forecast: US-based credit rating agency, Fitch Ratings on Friday revised India's GDP forecast to 6.4 per cent to 7 per cent for FY25. This cut comes after the Reserve Bank of India, in its recent monetary policy committee, revised India's growth forecast to 6.6 per cent from 7.2 per cent. In the July-September quarter of FY25, the Indian …

ADB lowers growth projections for India to 6.5% in FY25, 7% in FY26
1 week, 6 days ago

ADB lowers growth projections for India to 6.5% in FY25, 7% in FY26

Deccan Chronicle  

The Asian Development Bank has lowered India’s GDP growth projections for FY25 to 6.5 per cent from 7 per cent estimated in September as well as the projection for FY26 to 7 per cent from 7.2 per cent predicted earlier owing to tighter prudential norms and lower than expected industrial growth in Q2. Inflation estimates for the current fiscal has …

Vivek Kaul: India’s GDP growth slump holds lessons in forecasting
2 weeks ago

Vivek Kaul: India’s GDP growth slump holds lessons in forecasting

Live Mint  

India’s growth in gross domestic product, adjusted for inflation, for the period July to September slowed to a seven-quarter low of 5.4%. Or as Zahaan Bharmal writes in The Art of Physics: Eight Elegant Ideas to Make Sense of Everything: “Blithe predictions… cannot be made in a complex system where the impossibility of accurate prediction is inbuilt." Data from the …

SBI forecasts GDP growth of 6.3%, lower than RBI's 6.6% estimate for FY25
2 weeks, 3 days ago

SBI forecasts GDP growth of 6.3%, lower than RBI's 6.6% estimate for FY25

Hindustan Times  

The State Bank of India has projected India's gross domestic product would grow at 6.3% during the ongoing fiscal year, lower than the Reserve Bank of India's estimate of 6.6%, revised from the earlier 7.2%. India's GDP grew at 5.4% in the July-September quarter of FY25, the lowest in seven quarters The SBI said, “We believe that GDP growth for …

SBI forecasts India's GDP growth at 6.3 per cent, lower than RBI's projection for financial year 2025
2 weeks, 3 days ago

SBI forecasts India's GDP growth at 6.3 per cent, lower than RBI's projection for financial year 2025

India TV News  

The State Bank of India forecasted India's GDP growth at 6.3 pc, lower than the Reserve Bank of India's projection of 6.6 pc for FY25 in its latest report. The report forecast comes after the RBI sharply downgraded its real GDP growth projection for FY25 from 7.2 per cent to 6.6 per cent during its latest Monetary Policy Committee meeting, …

GDP Slowdown in Q2 Not Systemic: Nirmala Sitharaman
2 weeks, 4 days ago

GDP Slowdown in Q2 Not Systemic: Nirmala Sitharaman

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Friday said that the gross domestic product or GDP slowdown in the September quarter was not ‘systemic’ and the economic activity in the third quarter, with better public expenditure, is likely to compensate for the moderation. The minister’s statement comes after the Reserve Bank of India sharply slashed its growth projection to …

December quarter will make up for poll-induced growth slowdown: Nirmala Sitharaman
2 weeks, 4 days ago

December quarter will make up for poll-induced growth slowdown: Nirmala Sitharaman

Live Mint  

New Delhi: India’s economic growth decelerated in the September quarter because of the general election earlier in the year and not a systemic issue, finance minister Nirmala Sitharaman said on Friday, expressing confidence that growth in the December quarter would make up for the lost momentum. Speaking at the India Japan Forum 2024 in the capital, a closed-door meeting between …

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
2 weeks, 4 days ago

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%

Deccan Chronicle  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent.The Reserve Bank of India maintained the status quo on interest rate despite July-September quarter GDP growth …

RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier
2 weeks, 4 days ago

RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier

Live Mint  

RBI Monetary Policy: Reserve Bank of India Governor Shaktikanta Das while announcing a status quo on the repo rate and policy stance on Friday, December 6, expects the FY25 GDP Growth to be at 6.6% The RBI Governor after the Monetary Policy Committee meeting, while pegged GDP growth rate to be at 6.6% for FY25, it expects ongoing quarter i.e …

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 4 days ago

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome

Live Mint  

RBI Monetary Policy: Highlighting sticky inflation and its impact on economic growth and consumers, Reserve Bank of India Governor Shaktikanta Das announced a status quo on the repo rate and policy stance on Friday, December 6. The Monetary Policy Committee of the central bank, by a majority of 4:2, decided to keep the repo rate at 6.50 per cent for …

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us
Trending News
2 weeks, 4 days ago

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us

New Indian Express  

The RBI on Friday refused to change its mind about interest rates despite economic growth hard landing in Q2, FY25. In fact, in his very opening remarks, Governor Shaktikanta Das sort of vowed to protect peace with blood reminding about the central bank's price stability mandate and its commitment to the flexible inflation target comes before everything else. The six-member …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

India’s GDP growth shocker: Bad news can be good too
2 weeks, 6 days ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

Monetary policy review: RBI should stick to its price stability mandate
2 weeks, 6 days ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

Congress criticises PM with 'voodoo economics' jibe over slowing GDP growth
3 weeks ago

Congress criticises PM with 'voodoo economics' jibe over slowing GDP growth

India Today  

Congress on Tuesday took a dig at the central government over the GDP growth slowing to a near two-year low and said that Prime Minister Narendra Modi's "voodoo economic policies" put India in the middle of a vicious economic cycle of low growth, no jobs, low income and high prices. "Thanks to Narendra Modi and his voodoo economic policies, India …

Q2 GDP slowdown: What it means for stock market investors
3 weeks, 1 day ago

Q2 GDP slowdown: What it means for stock market investors

India Today  

India’s economy hit a speed bump in Q2 FY25, with GDP growth slowing to 5.4%—the weakest in seven quarters. For stock market investors already navigating weak corporate earnings and persistent foreign outflows, this slowdown adds to the challenges on Dalal Street. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The Q2 GDP shocker of 5.4% will weigh on …

Mint Primer | Slowdown: Time to recalibrate India’s growth story in FY25?
3 weeks, 1 day ago

Mint Primer | Slowdown: Time to recalibrate India’s growth story in FY25?

Live Mint  

Why did the Q2 GDP growth surprise? The rapid pace of growth the economy posted just last year suddenly looks distant. The outlook remains weak as the world heads into a potential trade war and slowing global economic growth. The nominal GDP growth in the first half of FY25 is just 8.9%. The economy must grow at over 12% in …

At the root of slowdown: It’s politics, stupid
3 weeks, 2 days ago

At the root of slowdown: It’s politics, stupid

New Indian Express  

The murmurs and fears echoing in living rooms, bazaars and C-suites for weeks and months have come home to roost. On Friday, the ministry of statistics informed India that GDP growth in the July-September quarter, at 5.4 percent, has fallen from 8.1 percent in the same period last year—the slowest in nearly two years. The reality of a slowdown has …

5.4%: Q2 GDP growth slowest in seven quarters
3 weeks, 3 days ago

5.4%: Q2 GDP growth slowest in seven quarters

Hindustan Times  

India’s economy expanded at a lower-than-expected 5.4% in the three months ended September, with sluggish growth in manufacturing and private consumption, a reflection of weak demand because of high borrowing costs, inflation and weak real wage growth. The headline GDP growth number is 1.3 percentage points lower than the June quarter print and the lowest in seven quarters, since the …

India’s chief economic adviser calls for deregulation to spur growth
3 weeks, 4 days ago

India’s chief economic adviser calls for deregulation to spur growth

Live Mint  

New Delhi: India’s chief economic adviser V. Anantha Nageswaran emphasised the need for several measures including deregulation and a focus on key structural reforms after the country’s economic growth slowed for a second consecutive quarter. Nageswaran attributed the slowdown in India’s GDP growth during the second quarter to a combination of global factors, including excess manufacturing capacity in other regions …

RBI’s GDP projections on test as India’s Q2 GDP growth falls short
3 weeks, 4 days ago

RBI’s GDP projections on test as India’s Q2 GDP growth falls short

Live Mint  

The Indian economy experienced a big jolt in the July-September quarter of 2024-25, with the real GDP growth rate slowing to 5.36%, the lowest in seven quarters, data released by the statistics ministry on Friday showed. A back-of-the-envelope calculation suggests GDP growth will have to average 8.3% in the second half of the year to align with the RBI’s full-year …

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data
3 weeks, 4 days ago

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data

Hindustan Times  

NEW DELHI: India’s growth of gross domestic product slowed to a seven-quarter low during July-September quarter of 2024-25, data released by the ministry of statistics and programme implementation showed. India remains the fastest-growing major economy as China’s GDP growth in the July-September quarter this year was 4.6%. The economy expanded 5.4% in the quarter ending September 2024 from a year …

India's Q2 GDP growth slows to 5.4 per cent, hits 18-month low
3 weeks, 4 days ago

India's Q2 GDP growth slows to 5.4 per cent, hits 18-month low

India TV News  

In a significant development, India's economic growth decelerated to 5.4% in the July-September quarter of the current fiscal year, marking its slowest pace in nearly two years. Despite the slowdown, India retained its position as the fastest-growing major economy, surpassing China's 4.6% GDP growth in the same quarter. Key sectoral insights According to data from the National Statistical Office, the …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
3 weeks, 4 days ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

India Q2 GDP: Economy grows 5.4% in July-Sept, a 7-quarter low
3 weeks, 4 days ago

India Q2 GDP: Economy grows 5.4% in July-Sept, a 7-quarter low

Firstpost  

Government data released on Friday showed that India’s economic growth slowed down to 5.4 per cent in July-September 2024 compared to 8.1 per cent in year-ago quarter India's GDP for the second quarter of the fiscal year 2024 slowed down to 5.4 per cent. File image Government data released on Friday showed that India’s economic growth slowed down to 5.4 …

Experts see GDP growth below 6.5% in second quarter
3 weeks, 4 days ago

Experts see GDP growth below 6.5% in second quarter

New Indian Express  

NEW DELHI: Ahead of the release of official GDP numbers for the second quarter of FY25, economic analysts present varied estimates ranging from 6.2% to 6.9%. The outlook reflects contrasting indicators from various sectors of the economy, highlighting both structural challenges and potential growth drivers. ICRA has projected GDP growth to dip to 6.5% in Q2 from 6.7% in Q1FY25. …

India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll
4 weeks ago

India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll

Live Mint  

India's economic growth likely slowed to 6.5% in the September quarter, which would be its slowest pace in six quarters, according to the median estimate of 25 economists in a Mint poll. Economists in the poll forecast India's GDP growth would range between 6.20% and 6.85%, with only two of them expecting growth in the September quarter to outpace that …

S&P Global Slashes GDP Growth Forecast For India For FY26 To 6.7 Per Cent
4 weeks, 1 day ago

S&P Global Slashes GDP Growth Forecast For India For FY26 To 6.7 Per Cent

ABP News  

S&P Global Ratings on Monday cut down the growth estimates for Indian economy in the next two fiscal years. Issuing an update to its economic growth projections for Asia-Pacific economies post US elections, the ratings agency estimated the Indian economy to clock a GDP growth rate of 6.7 per cent in the 2025-26 fiscal year and 6.8 per cent in …

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal
Trending News
4 weeks, 1 day ago

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal

Live Mint  

New Delhi, Nov 25 S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in …

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25
1 month ago

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25

Live Mint  

India’s economic growth is expected to decelerate in 2025, said Goldman Sachs even as it believes that the economy will likely be insulated from global shocks emanating out of a potential trade war between US and China. Though India’s strong long-term structural growth story remains intact, we forecast GDP growth to decelerate to 6.3% YoY in CY25, on continued fiscal …

India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
1 month ago

India’s GDP growth likely moderated to 6.5% in Q2, says Icra

Live Mint  

New Delhi: India’s GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY2025 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra. While government capital expenditure and healthy kharif sowing provided a lift, their impact was offset by disruptions caused by …

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA
1 month ago

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA

New Indian Express  

MUMBAI: Domestic rating agency ICRA on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal. …

Moody’s pegs GDP at 7.2 per cent in 2024
1 month, 1 week ago

Moody’s pegs GDP at 7.2 per cent in 2024

New Indian Express  

CHENNAI: Despite many beginning to re-relook at their growth forecasts— unlike the Reserve Bank which has been sticking its neck out with the 7.2% growth this fiscal, global rating agency Moody’s has upped its calendar year 2024 GDP outlook to 7.2%, saying “the Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation.” The …

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts
1 month, 1 week ago

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts

Deccan Chronicle  

New Delhi: Global rating agency Moody’s Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. “Although the central bank shifted its monetary policy stance to neutral while keeping the repo rate …

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors
1 month, 3 weeks ago

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors

Hindustan Times  

India's economy performed satisfactorily in the first half of the current financial year, according to the finance ministry's monthly economic report released Monday. However, the ministry warned of potential disruptions from geopolitical conflicts, rising geo-economic fragmentation and elevated valuations in financial markets of some advanced economies.

ADB retains India's growth forecast at 7%; govt spending, agriculture to boost economy
2 months, 4 weeks ago

ADB retains India's growth forecast at 7%; govt spending, agriculture to boost economy

The Hindu  

The Asian Development Bank on Wednesday retained India's growth forecast for the current fiscal at 7% and said that the economy is expected to accelerate in the coming quarters on improved farm output, and higher Government spending. In its Asian Development Outlook update of September, the ADB said exports in the current fiscal will be higher than earlier projected, led …

India to clock 7% GDP growth in FY25, says HSBC Global Research
3 months, 3 weeks ago

India to clock 7% GDP growth in FY25, says HSBC Global Research

Live Mint  

The Indian economy will likely grow 7% in fiscal year 2025, despite a slowdown to 6.7% in Q1FY25, which marked the lowest growth rate in five quarters, according to HSBC Global Research. This optimistic forecast is driven by strong underlying growth momentum and the narrowing of key economic data gaps, the research arm of the banking and financial services major …

Slowing of GDP growth due to lower govt spending, MCC: RBI Governor
3 months, 3 weeks ago

Slowing of GDP growth due to lower govt spending, MCC: RBI Governor

The Hindu  

The slowing of India's economic growth to a 15-month low of 6.7% in the April-June quarter was due to "lower" government spending in the wake of the enforcement of the model code of conduct for the recent Lok Sabha polls, RBI Governor Shaktikanta Das said here on Saturday. However, the first advance estimation data released by the National Statistical Office …

At 6.7%, India Leads Global Economic Growth: A Look at Country-Wise GDP Performance
3 months, 3 weeks ago

At 6.7%, India Leads Global Economic Growth: A Look at Country-Wise GDP Performance

News 18  

India has posted a GDP growth rate of 6.7 per cent for the first quarter ended June 2024. He added that extreme weather-related issues impacted the agricultural sector dragging the overall GDP growth to 6.7 per cent in the first quarter of 2024-25. India’s Q1 GDP Growth: What Experts Say “Expectedly, GDP growth in Q1FY25 at 6.7 per cent is …

India growth slows to 6.7% on lower consumer spending
3 months, 3 weeks ago

India growth slows to 6.7% on lower consumer spending

Hindustan Times  

India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy. India growth slows to 6.7% on lower consumer spending Friday's reading still places the world's most populous country among the fastest-growing major economies globally. Year-on-year gross domestic product grew at …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
3 months, 3 weeks ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating
3 months, 3 weeks ago

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating

News 18  

Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the agencies said in separate releases on Thursday. “These forecast changes assume strong broad-based growth and we recognize potentially higher forecasts if the cyclical momentum, especially for private consumption, gains more traction,” Moody’s said. “Nevertheless, 6%-7% growth …

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts
4 months ago

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts

Hindustan Times  

Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. India’s growth next year will be hampered by the government’s commitment in the budget to bring down the fiscal deficit to below 4.5% of gross domestic product. Expansion will also face headwinds from …

India Ratings jacks up growth forecast to 7.5% this fiscal
4 months, 3 weeks ago

India Ratings jacks up growth forecast to 7.5% this fiscal

New Indian Express  

Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate robust quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for the current fiscal to 7.5 percent—the highest among all analysts and 30 bps over the Reserve Bank estimate. Pegging higher growth at 7.5 percent for this …

Core inflation at four-year low in FY24: Economic Survey
5 months ago

Core inflation at four-year low in FY24: Economic Survey

Hindustan Times  

The government’s prudent monetary policy response and calibrated trade policy measures, coupled with strong output growth helped reduce core inflation to a four-year low in FY24, according to the 2023-24 Economic Survey Union finance minister Nirmala Sitharaman tabled in Parliament on Monday. The survey, which was presented a day before the first Union Budget of the third Narendra Modi-led central …

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