India's Economic Momentum: A Strong Macro Outlook

The Economic Survey, presented by Union Finance Minister Nirmala Sitharaman, projects a growth rate of 6.5-7%. FY'24 saw an 8.2% growth, surpassing expectations. Inflation is expected to moderate at 4.5%. The survey highlights the real estate sector's role and underscores collaboration between government and private sector for sustained momentum.

The Economic Survey presented by Union Finance Minister Nirmala Sitharaman projects a growth rate of 6.5-7%, strengthening India's macroeconomic fundamentals, said CBRE Chairman and CEO-India, South-East Asia, Middle East and Africa, Anshuman Magazine on Monday.

India's economic performance in FY'24 exceeded expectations with a robust 8.2% growth rate. "This momentum is notable as three out of the past four quarters exceeded the 8% growth mark," Magazine remarked.

Inflation is anticipated to moderate around 4.5%, suggesting a well-balanced economic environment, added Magazine.

The survey identifies the real estate sector, particularly the residential segment, as a pivotal driver of private investment. It emphasizes the importance of continued collaboration between central and state governments and the private sector to maintain this growth momentum.

The orderly and expansive post-pandemic recovery signifies the underlying resilience of the Indian economy. FY'25 indicators such as robust private consumption, increased bank lending activity, and improved corporate capital expenditure signal a promising year ahead, he noted.