- Home
- Current Affairs
- Current News
- Indian Economy Outlook 2024-25
Indian Economy Outlook 2024-25
- 21 Feb 2024
On 20th February, 2024, the Finance Ministry projected a positive economic outlook for FY 2024-25, highlighting key factors supporting growth while acknowledging geopolitical challenges.
Key Points
- Economic Resilience and Growth Trajectory: Three consecutive years of robust growth underscore the resilience of the Indian economy, with strong private consumption driving expansion.
- Investment Landscape and Growth Forecast: Investment momentum is strengthening, with high public expenditure catalyzing private investment, leading to increased capacity utilization and expansion.
- Growth Projections and Global Recognition: India's GDP is estimated to grow at 7.3% in the current fiscal year, maintaining a growth trend exceeding 7% for three consecutive years.
- Global agencies and the Reserve Bank of India project continued growth, reflecting India's economic resilience.
- Tailwinds and Demand Drivers: Healthy Rabi harvest, sustained manufacturing profits, and resilient services are expected to bolster economic activity.
- Improved household consumption and private investment, supported by government initiatives, are anticipated to drive growth.
- Geopolitical Concerns and External Factors: Despite optimistic prospects, geopolitical tensions, volatility in financial markets, and global economic fragmentation pose risks.
- Supply chain disruptions and fluctuations in commodity prices impact trade dynamics, necessitating proactive measures.
- Inflation Dynamics and Agricultural Outlook: Inflationary pressures have eased, attributed to lower food and core inflation.
- Government interventions to stabilize food prices and favorable weather forecasts signal potential for agricultural growth.
News Crux
News Crux
News Crux
- Appointment & Resignation
- Art/Culture/Heritage
- Awards In News
- Bill/Act/Amendment
- Defence
- Defence/Military Exercises
- Famous Books
- Important Days/Weeks
- Important Decade
- Miscellaneous
- Obituary
- Organisation In News
- Persons In News
- Places In News
- Plans & Policy
- Reports/Committee/Commission
- Scheme & Programme
- Species In News
- Summit, Seminars & Conferences
- Survey/Index
- Web Portal & Apps
State In News
State In News
State In News
- Andhra Pradesh
- Arunachal Pradesh
- Assam
- Bihar
- Chhattisgarh
- Delhi
- Goa
- Gujarat
- Haryana
- Himachal Pradesh
- Jammu And Kashmir
- Jharkhand
- Karnataka
- Kerala
- Ladakh
- Madhya Pradesh
- Maharashtra
- Manipur
- Meghalaya
- Mizoram
- Nagaland
- Odisha
- Punjab
- Rajasthan
- Tamil Nadu
- Telangana
- Tripura
- Uttar Pradesh
- Uttarakhand
- West Bengal