FICCI's Economic Outlook Survey: India's GDP Growth Projections for 2024-25
| Aspect | Details |
|---|---|
| GDP Growth (2024-25) | Projected at 7% by FICCI; RBI forecasts 7.2%. |
| Q1 GDP Growth (2024-25) | Estimated at 6.8%. |
| Q2 GDP Growth (2024-25) | Estimated at 7.2%. |
| Agriculture Growth (2024-25) | Projected at 3.7%, up from 1.4% in 2023-24. |
| Industry Growth (2024-25) | Expected to grow by 6.7%. |
| Services Growth (2024-25) | Expected to grow by 7.4%. |
| CPI Inflation (2024-25) | Median forecast at 4.5%, with a range of 4.4% to 5.0%. |
| Repo Rate (March 2025) | Projected to moderate to 6%. |
| Budget Expectations | Continuity in policy, focus on fiscal prudence, taxation reforms, and employment generation. |
| Capital Expenditure (FY25) | Likely increase, but no significant deviation from ₹11.1 trillion interim Budget target. |
| Taxation Reforms | Potential revisions in tax rates, simplification of capital gains tax, streamlining GST slabs. |
| Employment Generation | Initiatives like Employment-Linked Incentive Scheme, urban MGNREGA, and labor skilling programs. |