Bharat Express

Economic outlook

India is on track to surpass Japan, becoming the world’s fourth-largest economy by the third quarter of 2025.

India’s private sector economy concluded the 2024/25 fiscal year on a strong note, with continued expansions in new business intakes.

India’s services sector saw strong growth in Feb, driven by rising demand, higher output, and increased employment, a survey showed Wednesday.

Deloitte India has revised its 2024-25 GDP growth projection to 6.5-6.8%, citing global trade and investment uncertainties.

RBI Governor Shaktikanta Das clarified that the shift to a neutral monetary policy stance does not indicate an imminent interest rate cut.

The Indian stock market opened the week down, facing selling pressure in sectors like automobiles, IT, and FMCG.

RBI Governor Shaktikanta Das announced India’s GDP growth is set at 7.2% for 2024-25, fueled by rising consumption and investment.

He also recalled that the Indian trade minister of that time had predicted that the Indian economy would soon overtake China’s but it didn’t quite work out that way. The Chinese economy is now about five times the size of India’s.