Summary:

India's GDP growth projection for FY25 stands at 6.4%, down from 8.2% in FY23. Despite a slow start in the first half, agricultural and industrial activity is expected to pick up in the second half, driven by strong rural demand. This is anticipated to result in growth ranging from 6.4% to 6.8%. Nominal GDP is projected to grow by 9.7%, slightly higher than the previous year.

The agriculture sector is forecast to expand its Real Gross Value Added (GVA) by 3.8% in FY25, up from 1.4% in FY23. The construction sector is projected to grow by 8.6%, while the finance, real estate, and professional services sectors are expected to expand by 7.3%. Private Final Consumption Expenditure (PFCE) is also anticipated to rise by 7.3%, signaling stronger consumer confidence. The RBI has revised its FY25 GDP projection to 6.6%.

Source: IBEF 

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