Government expects economy to expand 7% in FY25 on good monsoon

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NEW DELHI: Government expects a good. activity and help sustain the growth momentum, while projecting a GDP expansion of around 7% during current financial year...

Governments estimate, which is in line with RBIs projection, is based on an assessment that domestic economic activity remains resilient on the back of strong investment demand and upbeat business and consumer sentiments...

We will see faster growth in private final consumption expenditure in FY25 due to better monsoon and pick up in rural demand, a source said, while dismissing concerns over a moderation in consumption growth to 4% last year, from 6.8% in the previous year..

During a webinar, S&P Global Ratings analyst YeeFarn Phua said Indias long term growth potential could be around 8% once the impact of high infrastructure investment is realised and bottlenecks are removed...

Indian pharma companies are poised to benefit from sustained revenue improvement in FY25 in the US market, with limited price erosion and opportunities to capture market share amidst drug shortages, according to India Ratings and Research (Ind-Ra)..

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