Indian Economy Accelerates: 7% Growth Projected for Fiscal Year

The Reserve Bank of India's annual report projects the Indian economy to grow at 7% in the current fiscal year starting April. The economy showed resilience in FY24 with real GDP growth accelerating to 7.6%. For FY25, GDP growth is projected at 7% with balanced risks.


PTI | Mumbai | Updated: 30-05-2024 11:42 IST | Created: 30-05-2024 11:42 IST
Indian Economy Accelerates: 7% Growth Projected for Fiscal Year
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Indian economy is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released on Thursday.

The Indian economy, it said, expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year – the third successive year of 7 per cent or above growth.

''The real GDP growth for 2024-25 is projected at 7.0 per cent with risks evenly balanced,'' it said.

The economy, it said, showed resilience in FY24 despite persistent headwinds.

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