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Feb 28, 2024, 06:47PM ISTSource: etimes.inAnant Ambani and Radhika Merchant are set to host their star-studded pre-wedding festivities in Gujarat's Jamnagar. The event will...
HomeBusinessRBI projects 7 pc growth for next financial year

RBI projects 7 pc growth for next financial year

MUMBAI: The

Reserve Bank of India

on Thursday projected a GDP growth of 7 per cent for 2024-25

financial year

, which is lower than the 7.3 per cent expansion estimated for the current fiscal.
Announcing the bi-monthly

monetary policy

,

RBI

governor Shaktikanta Das said

rural demand

continues to gather pace,

urban consumption

remains strong and investment cycle is gaining steam on the back of increased capex.

Das said there are signs of revival in private investments.
The real

GDP

for 2024-25 is projected to grow at 7 per cent, with June and September quarters growth at 7.2 per cent and 6.8 per cent, respectively.
The growth in December and March quarters is projected at 7 per cent and 6.9, per cent, respectively.
Das said domestic economic activity remains strong and growth in the current fiscal as per estimates by the NSO is 7.3 per cent.
“The momentum of 2023-24 is expected to continue in 2024-25 fiscal,” Das said.

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