FICCI Revises India's Economic Forecasts for FY 2024-25
| Aspect | Details |
|---|---|
| GDP Growth Forecast | Revised to 6.4% for FY 2024-25, down from 7.0% projected earlier. |
| CPI-based Inflation Forecast | Projected at 4.8% for FY 2024-25, aligning with RBI's target. |
| Agricultural Sector Growth | Expected to grow at 3.6% in FY 2024-25. |
| Industrial Sector Growth | Projected to expand by 6.3% in FY 2024-25. |
| Services Sector Growth | Expected to grow at 7.3% in FY 2024-25. |
| Consumer Spending Outlook | Expected to pick up due to agriculture sector recovery. |
| Government Investment | Investments in infrastructure, housing, and logistics to drive growth. |
| Private Capital Expenditure | Expected to remain subdued due to geopolitical uncertainties. |
| Global Economic Context | Global economy showing resilience, but growth prospects remain uneven. |
| FICCI Survey | Conducted in December 2024 for FY 2024-25 projections. |