Asian Development Bank Retains India’s Growth Forecast at 7% for FY25 India’s Growth Forecast Retained at 7% The Asian Development Bank (ADB) has maintained its forecast for India’s GDP growth at 7% for FY25. This projection is based on expectations of a rebound in agriculture due to above-normal monsoon projections, despite a slower-than-expected monsoon onset…
Moody’s Analytics Forecasts India’s Economy to Grow by 6.1% in 2024 Moody’s Analytics, a renowned financial intelligence company, has recently forecasted India’s economic growth rate to reach 6.1% in the year 2024. This projection comes amidst a backdrop of global economic shifts and domestic policy changes, indicating both challenges and opportunities for India’s development trajectory….
ICRA Upgrades FY24 Bank Credit Growth Forecast to 15%: Record Incremental Growth Anticipated In a significant development for aspirants preparing for various government exams, the credit rating agency ICRA has upgraded its forecast for bank credit growth for the fiscal year 2024. The latest projection indicates a robust 15% growth, pointing towards record incremental growth…
Anticipated Deceleration in Growth for Unsecured Retail Loans in FY24 The fiscal year 2024 is projected to witness a noticeable deceleration in the growth of unsecured retail loans. This forecasted decline comes as a significant concern within the financial sector, primarily due to various economic factors influencing consumer behavior and lending practices. Experts in the…
UNCTAD Raises India’s 2023 Growth Estimate to 6.6% In recent news, the United Nations Conference on Trade and Development (UNCTAD) has revised India’s growth estimate for the year 2023, forecasting a substantial increase to 6.6%. This upward revision comes as a positive development for aspirants preparing for various government exams, including positions in teaching, policing,…
OECD Raises India’s Growth Forecast for FY24 to 6.3 Percent The Organisation for Economic Co-operation and Development (OECD) has recently released an encouraging update for India’s economic prospects. In this article, we will explore why this news is significant, provide some historical context, and present five key takeaways for students preparing for various government exams….
CRISIL Forecasts 6% GDP Growth for India in FY24 CRISIL, one of India’s leading credit rating agencies, has recently made a significant projection regarding India’s economic growth. In their latest report, CRISIL forecasts a GDP growth rate of 6% for India in the financial year 2023-24. This prediction carries substantial implications, particularly for students aspiring…
