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S&P Global Ratings raises India's FY24 GDP growth forecast; cuts FY25 projection

Global rating agency S&P Global Ratings has revised India s Gross Domestic Product (GDP) growth projection for financial year 2024 to 6.4 percent from 6 percent earlier on the back of strong domestic tailwinds. ....

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S&P Lifts India's FY24 Growth Outlook

S&P Global Ratings upgraded India's growth projection for the current financial year on domestic momentum but lowered its outlook for the next financial year citing subdued global growth and base effect. ....

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FICCI survey indicates accelerated Indian economic growth in Q2 driven by higher demand

A FICCI survey indicates an accelerating growth momentum in the second quarter of the current fiscal, with 80% of respondents reporting increased orders and demand in July-Sept 2023-24. Manufacturing s average capacity utilization is at 74%, slightly higher than previous quarters, reflecting sustained economic activity. ....

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IMF raises India's GDP growth forecast marginally to 6.3% for FY24 | Business News

IMF in July had estimated India's GDP forecast at 6.1 per cent for 2023-24. However, this is lower than the RBI's latest estimate of 6.5 per cent for the current financial year. ....

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India Central Bank Stands Pat On Rates; Hints At Open Market Bond Sales

India's central bank left its benchmark interest rate unchanged for the fourth straight session on Friday but cited high inflation as a major risk to stability and sustainable growth and raised the possibility of open market bond sales to absorb excess liquidity. ....

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