RBI Forecasts 7% GDP Growth in FY25 | India Economy News
May 30, 2024 11:40
The Reserve Bank of India (RBI) projects India's real GDP growth at 7% in FY25, highlighting the economy's resilience despite global challenges.
Photograph: Anushree Fadnavis/Reuters
Mumbai, May 30 (PTI) Indian economy is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released on Thursday.
The Indian economy, it said, expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year the third successive year of 7 per cent or above growth.
"The real GDP growth for 2024-25 is projected at 7.0 per cent with risks evenly balanced," it said.
The economy, it said, showed resilience in FY24 despite persistent headwinds.
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