Key Points
Mumbai, Mar 6 (PTI) Indias real GDP growth will moderate to 6.8 per cent in FY2025 from the 7.6 per cent expected in the ongoing fiscal, Crisil Ratings said on Wednesday...
Higher interest rates and demand being tempered by lower fiscal impulse will lead to the moderation of growth, the leading domestic ratings agency said...
The RBI will have to first shift the stance of the monetary policy to neutral from the current withdrawal of accommodation before cutting the rates, Joshi said, adding that it may look at shifting stance and cutting rates in the same policy review as well.. Inflation has been softening and the trend will continue even in FY25 on the back of healthier agriculture output that tames food inflation, and benign oil and commodity prices, the agency said...
The rating agency feels the growth momentum will continue through this decade on significant private investments in emerging sectors, continuing government spending on infrastructure, ongoing reforms push, and efficiency gains from increasing digitalisation and physical connectivity...
The next seven fiscals will see the Indian economy cross the USD 5 trillion mark and close in on USD 7 trillion at an estimated 6.7 per cent average annual growth, the agencys managing director and chief executive Amish Mehta said...
You might be interested in
Moody's sees India's GDP expanding 6%-6.3% in Q1FY24, flags risks of fiscal slippage, high govt debt
11, Jun, 23Moody's growth estimate is lower than the 8% projection for the first quarter made by the Reserve Bank of India last week
India's GDP expected to clock 6-6.3% growth in June quarter: Moody's
11, Jun, 23Moody's has predicted a 6-6.3% growth for the Indian economy in Q1, down from the Reserve Bank of India's projection of 8%. The ratings agency also cited risks of fiscal slippage due to weak government revenues.
India's interim budget represents welcome statement of responsible fiscal management in an election year:
06, Feb, 24The US-India Strategic and Partnership Forum (USISPF) also commend the government's continued focus on the trinity of infrastructure, inclusive growth, and fiscal prudence in line with growing US-India commercial ties.
S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years
29, May, 24New Delhi, May 29 (PTI) Giving thumbs up to the economic management of the Modi government, S&P Global Ratings after a gap of 14 years upgraded India’s sovereign rating outlook to positive from stable on robust growth, improved quality of public spending in last 5 years and expectation of broad continuity in reforms and fiscal […]
Shopping mall operators’ revenue may rise 7-9 pc this fiscal: Report
24, Apr, 23The rating agency said that the growth in revenue will be on a high base of FY23.
Fitch says fiscal prudence unlikely to impact India’s sovereign rating
02, Feb, 24Fitch expects India's sovereign rating to remain unchanged despite the government's efforts for fiscal consolidation. The general government debt is projected to stay above 80% of GDP over the next five years, with a deficit reduction target of 4.5% by FY26. Fitch's forecast indicates a deficit ratio of 5.1% in FY25, and GDP growth of 6.5%. The government's focus on capex investment is expected to support the growth outlook in FY25, with a planned expenditure of Rs 11.11 lakh crore, representing a 16.9% increase from FY24's revised estimates.