India's Economy on Growth Trajectory: RBI Projects 7% GDP Growth for FY25
The Reserve Bank of India (RBI) has set India's real GDP growth at 7% for FY25
RbiGdp GrowthIndian EconomyMacroeconomic StabilityFiscal PoliciesReal Estate NewsMay 30, 2024
Despite persisting headwinds, the economy showed resilience in FY24, expanding at a robust pace with real GDP growth accelerating to 7.6% from 7.0% in the previous year. This marks the third successive year of 7% or above growth.
The RBI report highlights that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment. However, it is well-placed to step up its growth trajectory over the next decade in an environment of macroeconomic and financial stability.
As headline inflation eases towards the target, it is expected to spur consumption demand, especially in rural areas. However, the RBI also emphasizes that the Indian economy would have to navigate challenges posed by rapid adoption of AI/ML technologies as well as recurrent climate shocks.
The Reserve Bank of India (RBI) is the central bank of India, responsible for regulating the country's monetary policy and maintaining financial stability.
Brigade Enterprises is a leading real estate developer in India, with a presence in multiple cities across the country.
Frequently Asked Questions
What is the projected GDP growth rate for FY25 according to the RBI's annual report?
7%
What are the key factors supporting India's growth trajectory according to the RBI?
Healthy balance sheets of banks and corporates government's focus on capital expenditure and prudent monetary regulatory and fiscal policies
What is the expected impact of easing headline inflation on consumption demand?
It is expected to spur consumption demand especially in rural areas
What are the challenges posed by rapid adoption of AI/ML technologies to the Indian economy?
The RBI has highlighted the need for the Indian economy to navigate challenges posed by rapid adoption of AI/ML technologies
What is the significance of the RBI's annual report?
The RBI's annual report provides an overview of the Indian economy's performance and projections for the future and is closely watched by policymakers investors and industry stakeholders
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