Economic growth likely to pick up on festive, rural demand: RBI – Times of India

Economic growth likely to pick up on festive, rural demand: RBI – Times of India

MUMBAI: India’s economic growth is likely to improve in the second half of the current fiscal, driven by festive activity and an upswing in rural demand, RBI’s state of the economy report said. It also expects a moderation in the prices of food items, including rice, pulses, and vegetables.“Going forward, high-frequency indicators available so far…

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Crisil projects India’s GDP growth slowdown to 6.8% – Times of India

Crisil projects India’s GDP growth slowdown to 6.8% – Times of India

Rating agency Crisil has projected India’s GDP growth to decline from 8.2 percent last year to 6.8 percent in the current fiscal year 2024-2025, pressured by rising interest rates and limited fiscal stimulus.The report mentioned that risks are tilted toward the downside given the lacklustre second-quarter growth numbers.However, many high-frequency indicators from October, such as…

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