Indian economy likely to sustain high growth trajectory in FY25: ITC

Quick Summary:

The Indian economy is likely to sustain its high growth trajectory in FY2024-25, driven by strong momentum in fixed investments and a pickup in private consumption, said conglomerate ITC in its latest annual report.

Besides, there are "green shoots of recovery in rural markets", improving employment conditions and sustained momentum in manufacturing and services sectors, which augur well for consumption demand in the near term, it added.

The growth would also be supported by a good Rabi harvest and normal monsoons, according to the ITC annual report for FY 2023-24.

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Category: BusinessFinance

Markets: India

Topics: Manufacturing Consumption Services India economy Employment Growth trajectory

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 22:15:12 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 14 lines

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Copyright Owner: © Business Standard

News ID: 21410998

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