India’s central bank expects GDP to grow 7% in fiscal year 2024-2025
By IAR Desk
New Delhi, May 3, 2024: India’s GDP growth rate is expected to be 7% in the 2024-2025 fiscal year (April 2024 to March 2025), the Reserve Bank of India said in its annual report released on Thursday.
The central bank said real gross domestic product growth is expected to be 7% in fiscal 2024-2025.
The report also pointed out that India’s economy grew strongly in the 2023-2024 fiscal year (April 2023 to March 2024), with real GDP growth accelerating to 7.6% from 7% in the previous year. This is the third consecutive year that India’s GDP growth rate has reached or exceeded 7% .
