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India's 7pc & FY25 growth target relies on robust investment, inflation control
The Business Guardian
|November 03, 2024
Optimistic GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report.
Recent reports indicate a mixed outlook, with the Reserve Bank of India (RBI) maintaining a cautious stance on monetary policy amid rising inflation.
In September 2024, the Consumer Price Index (CPI) inflation was recorded at 5.5 per cent, pushing the average inflation for the second quarter of FY24 to 4.2 per cent, slightly above the RBI's expected target of 4.1 per cent.
Projections for the third quarter suggest CPI inflation could rise to 4.8 per cent, potentially delaying any interest rate reductions by the RBI, especially as inflation continues to exceed the desired mean target.
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