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Indian Economy - Understanding the basics of Indian economic system

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22-Oct-24

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India likely to grow at 7.2 per cent in FY25: RBI

The Reserve Bank of India on June 7 raised projection of real gross domestic product for the financial year 2024-25 to 7.2 percent, from 7 percent estimated previously, governor Shaktikanta Das.

The governor said the GDP growth in the first quarter is likely to be at 7.3 percent, 7.2 percent in Q2, 7.3 percent in Q3 and 7.2 percent in the last quarter, Das said during the monetary policy committee’s (MPC's) press briefing on June 7.

If the growth projection stands true for the the current year, it will be the 4th straight year of growth above 7 percent, Das said.
Das also noted that private consumption is recovering, and highlighted that the revival in rural demand is getting a fillip from farm activities.

By: Brijesh Kumar

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