Deloitte India Revises GDP Growth Projection for FY 2024-25
| Aspect | Details |
|---|---|
| Revised GDP Growth Projection | Deloitte India projects GDP growth for FY 2024-25 in the range of 6.5% to 6.8%. |
| Key Factors Influencing Growth | - Global Trade Uncertainties: Rising global trade and investment uncertainties. |
| - Domestic Consumption: Strong rural consumption supported by robust agricultural output. | |
| - Services Sector: Thriving finance, insurance, real estate, and business services. | |
| - Manufacturing Exports: Rising share of high-value exports in electronics and machinery. | |
| - Capital Markets Resilience: Stability from domestic institutional investors. | |
| Comparative Projections | - RBI: 6.6% |
| - NSO: 6.4% for the current fiscal year. | |
| - PHDCCI: 6.8% driven by business efficiency and investment-friendly climate. | |
| - UN: 6.6% for 2025, supported by private consumption and investment. | |
| India's Economic Strengths | - Strong domestic consumption. |
| - Resilient services sector. | |
| - Growing high-value manufacturing exports. | |
| - Capital market stability despite foreign investor withdrawals. |