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INDIA TO GROW 7% IN FY24, 7.2% IN FY25, DRIVEN BY ROBUST INVESTMENT, SERVICES EXPORTS
The Business Guardian
|April 12, 2024
The 2024-25 growth estimate is, however, lower than 7.6 per cent projected for the 2022-23 fiscal. The ADB’s growth forecast for FY25 is in line with projections made by the RBI
After a slew of upgrades in growth projection, the Asian Development Bank (ADB) on Thursday raised India's gross domestic product (GDP) growth forecast for fiscal year (FY) 2024 from 6.7 percent to 7 percent and 7.2 percent in FY2025, attributing the robust growth to public and private sector investment demand, gradual improvement in consumer demand and strong services sector.
The 2024-25 growth estimate is, however, lower than 7.6 per cent projected for the 2022-23 fiscal. The ADB's growth forecast for FY25 is in line with projections made by the RBI.
यह कहानी The Business Guardian के April 12, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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The Business Guardian
Govt okays Rs 305-crore Tex-RAMPS scheme to boost R&D in textiles sector
The Government of India has approved a new central sector scheme, \"Textiles Focused Research, Assessment, Monitoring, Planning and Startup' (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country's textiles sector.
1 min
November 28, 2025
The Business Guardian
India's economy on strong footing as GST cuts boost demand, Inflation hits record low
India's macroeconomic outlook remains firmly positive, with easing inflation, strengthening domestic demand and improving policy transmission placing the economy on a stable growth path, noted the Monthly Economic Review for October released on Thursday, by the Department of Economic Affairs, Ministry of Finance.
2 mins
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The Business Guardian
HOW DEEPFAKES ARE CREATING NEW RISKS FOR WOMEN IN INDIA
With the rise in the usage of digital media by Indians, a new challenge has arisen in the form of synthetic and manipulated media, particularly deepfakes.
4 mins
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The Business Guardian
RURAL DEMAND LIFTS MICROFINANCE SECTOR AS LENDERS SEE SIGNS OF STABILITY
New Delhi: India's microfinance industry is witnessing a renewed upswing, supported by rising rural demand, improved repayment behaviour and early signs of asset quality stabilisation, according to experts and lenders.
1 mins
November 28, 2025
The Business Guardian
Tesla opens first all-in-one Centre in Gurugram
Tesla India announces the opening of its first Tesla Centre in Gurugram on Thursday, marking a major step in its plan to expand electric mobility in the country.
1 mins
November 28, 2025
The Business Guardian
NEW TELECOM CYBERSECURITY RULES IN FORCE: DOT
The ministry clarified through a press release that a subsequent inadvertent re-publication of the rules does not affect the validity of the original amendments.
2 mins
November 28, 2025
The Business Guardian
NetBanking 2.0 aims to make online payments easier, safer: NPCI Bharat BillPay MD & CEO
Net banking in India is set to change in a big way with the introduction of a new system designed to make online payments simpler and safer for users.
1 mins
November 28, 2025
The Business Guardian
CBDT launches second NUDGE initiative to boost voluntary compliance on foreign assets
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative aimed at strengthening voluntary compliance in reporting foreign assets and income.
1 mins
November 28, 2025
The Business Guardian
An enchanting evening with veterans and gems of Hindi Poetry
The 53rd Shri Ram Kavi Sammelan returns with a distinguished lineup of veteran poets and celebrated gems of Hindi literature.
1 min
November 28, 2025
The Business Guardian
Govt approves Rs 305-crore Tex-RAMPS scheme to
The Government of India has approved a new central sector scheme, ‘Textiles Focused Research, Assessment, Monitoring, Planning and Startup’ (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country’s textiles sector.
1 min
November 28, 2025
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