Bharat Express

Economic outlook

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.