Key Points
Challenges include uneven consumption demand and export sector obstacles..
India Ratings and Research (Ind-Ra) has revised India's GDP growth estimate for FY25 upwards to 7.1 per cent, marking a significant increase from its earlier forecast of 6.5 per cent...
Ind-Ra expects private final consumption expenditure (PFCE) to grow by 7.0 per cent year-on-year in FY25, marking a three-year high..
Government capital expenditure continues to drive investment demand, with Gross Fixed Capital Formation (GFCF) expected to grow by 8.5 per cent year-on-year in FY25...
Ind-Ra forecasts goods and services exports to grow by 6.6 per cent year-on-year and imports by 8.8 per cent year-on-year in FY25, compared to 1.5 per cent and 10.9 per cent, respectively, in FY24...
