Monetary policy stance may have led to demand slowdown in H1: Finmin review

Quick Summary:

India's economic growth slowed more sharply than anticipated in the July-September period of FY25, dropping to a seven-quarter low of 5.

The government expects overseas inflows into India to gain traction, driven by robust macroeconomic fundamentals, improved industrial output, and the Production-Linked Incentive (PLI) schemes, which are expected to attract foreign players despite ongoing geopolitical challenges.

However, the November review noted that the growth outlook for the second half of the financial year appears more promising.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: CRR and credit growth Demand slowdown FY25 RBI monetary policy Emerging market currencies India's AI ecosystem Cash reserve ratio Macroeconomic fundamentals Global edible oil prices US dollar strength GDP slowdown FY25 Structural economic factors Union Government capex Capital formation growth Finance ministry monthly review Foreign inflows India Production-Linked Incentive schemes India economic growth Geopolitical challenges Food price pressures International crude oil prices Public and private capex AI start-up investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 18:06:24 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24672721

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