New Delhi:
GDP Growth Forecast 2024-25 The State Bank of India (SBI) reports that the GDP growth rate of the country may be 6.3% in the current financial year 2024-25. This estimate has been imposed in view of domestic demand and stable rural economy.

What does the report say?

SBI studied 36 Economic Indicators and has estimated GDP growth between 6.2% to 6.3% in the third quarter. The report said that the economy is getting strengthened due to increasing expenditure in villages. Rural economy and inflation is bringing stability. At the same time, improvement has also been seen in capital expenses.

Indian economy will remain strong

Geo-political stress and supply chain have affected many countries including India. Despite this, India (Indian Economy) remains in the world’s fastest growing economies.

IMF estimate

IMF says that India’s growth rate (GDP growth India) can be 6.5% in the current and upcoming financial year.

The recent global growth forecast of the International Monetary Fund (IMF) has estimated that India’s growth rate will be 6.5 percent in both the current financial year 2024-25 and the upcoming financial year 2025-26 due to strong domestic demand and policy intervention by the government.

At the same time, the National Statistics Office (NSO) says that real GDP is estimated to be 6.4% and nominal GDP 9.7%.