India's GDP Growth Projected at 6.7% for FY25: Key Insights
| Key Points | Details |
|---|---|
| GDP Growth Projection | - FY25: 6.7% (up from 6.4% in FY24). |
| - FY24: 6.4% (down from 8.2% in FY23). | |
| Inflation Trends | - CPI inflation: 5.2% in December (down from 5.5% in November). |
| - Food inflation: 8.4% (down from 9%). | |
| - Non-food inflation: Stable at 3.1%. | |
| Industrial Production | - IIP growth: 5.2% in November (up from 3.7% in October). |
| - Driven by investment goods and consumer durables. | |
| Capital Expenditure | - Industrial capex: ₹6.5 lakh crore annually (average FY24-FY28, up from ₹3.9 lakh crore). |
| Agricultural Outlook | - Higher reservoir levels to boost rabi crop output. |
| - Expected to enhance farm incomes, rural consumption, and ease food inflation. | |
| Global Risks | - Geopolitical tensions and trade policy uncertainties flagged as risks to growth. |
| Static Information | - CRISIL: Indian credit rating agency established in 1987. |
| - Headquarters: Mumbai, India. |