FCA. KUNAL MEHTA’s Post

The World Bank Boosts India’s FY25 GDP Forecast to 7% Amidst Economic Resilience Read more at: https://bit.ly/4geu71Q This revision reflects the country’s robust economic performance and resilience amidst global challenges. “India's strong economic fundamentals are driving this optimistic outlook,” said, Auguste Tano Kouame, Country Director, World Bank India. #DSTsince1960 #DSTDaily #DSTGlobal #IndiaGDP #WorldBank #EconomicGrowth #IndianEconomy #InternationalTrade #ExportNews

The World Bank revising and scaling up India's GDP estimates from 6.6% to 7% reflects the growing global confidence in the India growth narrative, as we continue to perform robustly across all key macro and micro parameters. This also creates the perfect platform for India Inc. to accelerate its global integration and strategically diversify into more high-value supply chains for an enhanced presence in terms of both optics and outcomes. https://lnkd.in/gc8K4ezt #WorldBank #IMF #GDP #IndiaEconomy

Economic Survey 2023-24 Key Highlights💡 📈 The Indian economy grew over 7% for the third consecutive year, driven by stable consumption and improving investment demand. 💹 Current account deficit improved to 0.7% of GDP. 🏦 Robust forex reserves covering over 10 months of imports. 🏛️ Stable banking sector with low NPAs and strong credit growth. 📉 Retail inflation dropped to 5.4%, with a positive outlook. 🚀 Significant growth in agriculture, industry, and services sectors. 🌍 Growing energy needs projected to increase 2-2.5 times by 2047. #Economy #Growth #India #EconomicSurvey #Finance #Investment #Inflation #Banking #Energy #Agriculture #Industry #Services

FY 2023-2024 has been a really great year for the Indian economy. From beating estimates in every quarter to reducing fiscal deficit to increasing forex reserves (all time high 680B ) to reducing inflation to regaining the title of the fastest growing economy. it was a done deal. The data released yesterday, showed the real GDP growth rate of 8.2%. The highest among all the major developing economies for the same period. This year the export performance was low. Exports barely grew 0.5%. So, the growth is mainly driven by domestic consumption, further lowering the Export to GDP ratio. So, yeah our economy is growing even in times where very few economies are performing well. It seems like all the infrastructure boost and the impact of schemes like PLI, boost to local manufacturing is yielding the results finally. If this level of growth continues, it will take just 2-3 more years to reach the 5 Trillion economy mark which would also be the third largest economy. Of course, many challenges needs to tackled yet but we are in the right direction ⬆️. That's what matters, to me at least. Interesting times ahead ❗ #economy #Policies #GDP #GDPgrowth

The World Bank has revised India's GDP growth forecast for 2024-25 by 20 basis points to 6.6%, indicating it will remain the fastest-growing of the world's largest economies. The revision is attributed to strong public investment, private capex, and rise in private consumption. India's industrial activity and domestic demand growth remain robust. CFBR

📉 Morgan Stanley Revises India's GDP Growth Forecast 📉 Morgan Stanley has lowered India's GDP growth projection for FY25 from 6.7% to 6.3%. The recent GDP growth rate for the July-September quarter also dropped to 5.4%, reflecting a slowing pace in economic activity. Key factors contributing to this revision include global economic challenges, reduced domestic demand, and tightening financial conditions. While India remains one of the fastest-growing economies, this adjustment raises questions about the resilience of growth amid external and internal pressures. 💡 What are your thoughts on these revised projections? What steps can be taken to sustain growth momentum? #IndiaEconomy #GDPGrowth #MorganStanley #EconomicOutlook #Dgtalera

India's GDP Growth Forecast: Goldman Sachs has revised its forecast for India's GDP growth, projecting a slowdown to 6.3% in 2025. This is attributed to continued fiscal consolidation and slower credit growth due to tighter monetary policies. #GDP #indiangdp #growth

Earlier this month, the World Bank and International Monetary Fund (IMF) increased their growth forecasts for the Indian economy to 7% in 2024 from 6.6% previously. At a time when growth concerns are prevalent across many global economies, there is a strong consensus that India will continue to see further growth in the years to come: https://bit.ly/4dp2Lnf

💰💼 World Bank raises India's growth forecast to 7.5% in 2024 📈 South Asia to remain fastest-growing region globally, with 6.1% growth in 2025 🛣️ Robust performance driven by strong activity in services and industry sectors