Low pvt consumption, reduced govt spending a worry but GDP to grow 6.5%: EY

Quick Summary:

India's GDP is forecasted to grow at 6.

The EY report attributed the slowdown in GDP to declining private consumption expenditure and gross fixed capital formation.

Additionally, the report advocated for limiting total central and state government debt to 60 per cent of nominal GDP, with equal shares of 30 per cent each.

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Category: BusinessFinance

Markets: India

Topics: EY Economy Watch India inflation trends India GDP forecast Economic growth challenges Government spending impact FY26 growth outlook RBI GDP forecast Private consumption trends EY report FY25 Gross fixed capital formation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 15:44:45 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24658418

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Coverage Areas: India

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