S&P Global Projects 6.8% GDP Growth for India in FY25 Amid Economic Challenges

#India#S&P Global Ratings#Indian Economy#S&P Global#Rbi Monetary Policy#Economy#Indermit Gill#Structural Reforms#Global Economy#World Bank#Gdp Growth

600+ Words Refined into 7 Facts by AI • 6 sources • 1d ago

Show Full Summary

S&P Global Ratings forecasts India's GDP growth at 6.8% for FY25.
The growth outlook remains unchanged despite a weaker-than-expected GDP growth of 5.4%.
Vishrut Rana stated, “There are various challenges for the economy, including post-pandemic weakness in the public sector.”
UBS lowered its FY25 estimate to 6.3% from 6.7%.
Elara Securities revised its estimate down by 30 basis points to 6.5%.
Ajay Seth stated, “Action is being taken to revive growth in the next two quarters.”
Inflationary pressures may ease, leading to a modest easing of monetary policy.

The sources of this summary are listed below. Click to view.

Related Update: 19 mins later

S&P Global Upgrades India's Growth Forecast

708+ Words Refined into 6 Facts by AI • 1 source • 1d ago

Show Full Summary

S&P Global projects 6.9% growth for 2025-26.
RBI's forecast revised down to 6.6% for 2024-25.
Vishrut Rana: “Strong urban consumption and infrastructure investment will support growth.”
RBI reduced cash reserve ratio by 50 basis points.
Outgoing RBI Governor Shaktikanta Das: “India's growth story remains intact.”
Higher labor force participation and infrastructure improvements could boost growth.

The sources of this update are listed below. Click to view.

Related Update: 3 hours later

966+ Words Refined into 8 Facts by AI • 2 sources • 1d ago

Show Full Summary

India's GDP growth for July to September 2024 is at a seven-quarter low of 5.4%.
A Mint poll predicted a median growth of 6.5%.
Analysts question forecasting methods due to significant deviations.
Market analysts create an echo chamber effect in predictions.
S&P Global Ratings projects resilient growth in 2025.
Current fiscal year's growth forecast is retained at 6.8%.
Growth is expected to increase to 6.9% in 2025-26.
Challenges include post-pandemic weaknesses in public sector.

The sources of this update are listed below. Click to view.

Related Update: 1d later

720+ Words Refined into 7 Facts by AI • 2 sources • 0m ago

Show Full Summary

World Bank Chief Economist Indermit Gill stresses urgent need for reforms.
Gill: “Time is of essence for India to accelerate its structural reforms.”
Identified issues: underutilization of capital, talent allocation, and energy inefficiency.
Gill urges focus on underutilization of talent, especially among women.
He noted, “India’s energy-to-output ratios are high.”
Suggested large firms as engines of innovation for productivity.
Gill views crises as opportunities for necessary structural reforms.

The sources of this update are listed below. Click to view.