Key Points
New Delhi: Economists have begun revising India's growth forecast for FY25 after data released earlier this week showed the economy grew at a better-than-expected pace in the first three quarters of the current fiscal...
A revival in spending by private enterprises and tailwinds from expected monetary easing sometime later in the year are expected to keep the economy chugging at the current world-beating pace..
Growth for the full year FY24 is now seen at 7.6%...
"We expect the steady domestic growth momentum to continue, supported by continued increases in government capex, much anticipated rising private investment, and monetary easing," said Rahul Bajoria, managing director and head of EM Asia (ex-China) Economics, at Barclays...
Data released earlier this week showed the economy grew at 8.2% in the first three quarters of the year, lifting the FY24 growth estimate to 7.6% from 7.3% projected in January...
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