Morgan Stanley raises India's GDP growth forecast to 6.8% for FY25
Morgan Stanley expects growth to be broad-based and the gaps between rural-urban consumption and private-public capex to narrow in FY25.
Morgan Stanley expects growth to be broad-based and the gaps between rural-urban consumption and private-public capex to narrow in FY25.
Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023, says Moody's
The NSO has revised GDP growth for Q2 FY24 to 8.1% from 7.6%, while that for the first quarter has been revised higher to 8.2% from 7.8%.
Latest economic data for October-December revealed a 0.4% Japanese economy's annual contraction and a 0.1% decline from the previous quarter in Japan.
RBI governor Shaktikanta Das says India's gross domestic product (GDP) growth will touch 7% in the financial year 2024-25.
Faster-than-expected expansion in July-September, driven by double-digit growth in industry to aid growth.
This is higher than the monetary policy committee's forecast of 6.5% GDP growth in Q2.
The expected moderation is mainly due to challenging external conditions and waning pent-up demand, says World Bank.
The main downside risk would be if the labour force participation rate does not increase, says Santanu Sengupta, Goldman Sachs Research's India economist.
The GDP growth rate in the full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22.