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Indian economy to grow 7-7.2% in FY25 on strong govt spending: Deloitte

Business Standard LogoBusiness Standard6d ago

Indian economy to grow 7-7.2% in FY25 on strong govt spending: Deloitte - Business Standard

Quick Summary:

In its 'India Economy Outlook for October 2024', Deloitte said the thriving manufacturing sector, stable oil prices, and potential US monetary easing post-elections may boost India's capital inflows, reduce production costs, and enhance long-term investments and job opportunities.The economy grew 6.7 per cent year-over-year in the April-to-June quarter of the current fiscal ending March 2025.

The Indian economy could grow between 7-7.2 per cent in the current fiscal on strong government spending, and higher manufacturing investments, but a tempered global growth will impact the outlook for the next fiscal, Deloitte India said on Tuesday.

Although this marks the slowest growth in five quarters, India ranks among the fastest-growing major economies globally.

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Published On: 2024-10-22 @ 13:40:21 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 665 words

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Copyright Owner: © Business Standard

News ID: 23196625

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