The FICCI’s (Federation of Indian Chambers of Commerce & Industry) latest survey projects India’s GDP growth at 6.4% for 2024-25, down from 7% forecasted earlier and 8.2% achieved in 2023-24.
Their December 2024 survey forecasts India’s GDP growth at 6.4% for 2024-25, down from 7% projected earlier due to global headwinds and uneven recovery in advanced economies.
Agriculture is expected to grow by 3.6%, while industrial and services sectors are projected to expand by 6.3% and 7.3%, respectively.
CPI inflation is estimated at 4.8% for 2024-25, matching RBI’s forecast, with easing food inflation expected to boost rural demand.
Lower interest rates from RBI’s monetary easing are likely to drive consumption, though subdued private capital expenditure remains a concern.
Government investments in infrastructure, including roads and housing, will be key growth drivers in 2025-26.
Globally, inflation is easing unevenly, but geopolitical tensions and Middle East conflicts pose risks to energy markets and trade.
India stands to gain from global supply chain diversification in electronics and pharmaceuticals as businesses seek alternatives to China.
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