India's Real GDP Growth Projected at 7% for FY25
The Reserve Bank of India (RBI) has projected India's real GDP growth at 7% for FY25
RbiGdp GrowthIndia EconomyInvestment DemandMacroeconomic StabilityReal EstateMay 30, 2024
The report highlights that the Indian economy has shown resilience in FY24 despite persistent headwinds, with real GDP growth accelerating to 7.6% from 7.0% in the previous year. This is the third successive year of 7% or above growth, demonstrating the economy's ability to navigate adverse global macroeconomic and financial environments.
The RBI's annual report also notes that the Indian economy 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 will have to navigate challenges posed by the 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 Ent. is a real estate company that has been actively involved in the development of various projects across India.
Frequently Asked Questions
What is the projected GDP growth rate for FY25?
The RBI has projected India's real GDP growth at 7% for FY25
What is driving India's GDP growth?
Solid investment demand supported by healthy balance sheets of banks and corporates the government's focus on capital expenditure and prudent monetary regulatory and fiscal policies are driving India's GDP growth
How has the Indian economy performed in FY24?
The Indian economy has shown resilience in FY24 despite persistent headwinds with real GDP growth accelerating to 7 6% from 7 0% in the previous year
What are the challenges facing the Indian economy?
The Indian economy will have to navigate challenges posed by the rapid adoption of AI/ML technologies as well as recurrent climate shocks
What is the outlook for India's economy in the next decade?
The RBI expects the Indian economy to step up its growth trajectory over the next decade in an environment of macroeconomic and financial stability
Related News Articles
Revamping India's Realty: Experts Anticipate Reforms and Affordable Housing Boost from the New Government
The Indian real estate sector is eagerly awaiting policy reforms and a push for affordable housing from the new government. Read on to know more.
Reviving India's Architectural Heritage: A New Era in Real Estate
The blending of tradition and modernity in Indian real estate is not just about building homes but about crafting legacies that will stand the test of time.
Microsoft India Expands its Footprint with ₹453 Crore Land Purchase in Pune's IT Hub
Pune real estate market sees significant investment from global tech giant Microsoft
Lucknow: ED Cracks Down on Real Estate Broker, Attaches Assets Worth Rs 14.89 Crore
The Enforcement Directorate (ED) has provisionally attached immovable assets worth Rs 14.89 crore of a real estate broker, Rajeev Tyagi, and others under the Prevention of Money Laundering Act (PMLA), 2002.
India’s QIP Surge, 6G Preparations, and the Nobel Prize in Economics
The Indian real estate sector is witnessing a notable surge in Qualified Institutional Placement (QIP) issues, while the country gears up for the 6G revolution. Meanwhile, the Nobel Prize in Economics has been awarded, and we delve into its significance.
Birla Estates Expands with Strategic Land Acquisition in Boisar
Birla Estates, a notable subsidiary of Aditya Birla Real Estate Ltd, has recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for Rs 104.3 crore. This move is expected to strengthen the company’s presence in the western suburbs of Mumbai.