INSUBCONTINENT EXCLUSIVE:
In FY24, India's economic growth rate reached an impressive 8.2 per cent.2 min read Last Updated : Sep 24 2024 | 10:26 AM IST
S-P Global
Ratings on Tuesday maintained India's growth forecast at 6.8 per cent while noting that the Reserve Bank of India (RBI) may cut interest
In its economic outlook for the Asia-Pacific region, S-P also retained its gross domestic product (GDP) growth forecast for the financial
year 2025-26 (FY26) at 6.9 per cent
interest rates tempered urban demand, in line with our projection of 6.8 per cent GDP for the full financial year 2024-25," S-P said
The budget allocated a total of Rs 11.11 trillion for capital expenditure
The Centre has set a target to bring down the fiscal deficit below 4.5 per cent of GDP by FY26.
"Our outlook remains unchanged: we expect
the RBI to begin cutting rates in October at the earliest and have pencilled in two rate cuts this financial year (ending March 2025)," S-P
increases, it will be tough to maintain headline inflation at 4 per cent
It also estimated inflation to average 4.5 per cent in the current financial year.
RBI MPC meet on October 7-9
The RBI's monetary policy
committee (MPC) is scheduled to meet on October 7-9
On Monday, the State Bank of India projected that the RBI was unlikely to cut interest rates in 2024 due to concerns over food inflation
The RBI MPC has not altered rates since February 2023, maintaining it at 6.5 per cent for the past nine policy reviews.
Speculation about
