New Delhi, October 22: India슬롯사이트™s annual GDP growth is projected to be between 7 and 7.2 per cent in FY 2024-2025, a Deloitte report said on Tuesday, which is in line with the Reserve Bank of India슬롯사이트™s (RBI) prediction of the country witnessing real GDP growth at 7.2 per cent for FY25.

Dr. Rumki Majumdar from Deloitte India said that India슬롯사이트™s economy is emerging with resilience as the dust settles after a high-stakes elections period. 슬롯사이트œIts gross domestic product grew 6.7 per cent year over year in the April-to-June quarter. While that was the slowest rate in five quarters, India remains one of the world슬롯사이트™s fastest-growing large economies, and Deloitte슬롯사이트™s analysis predicts continued strength in the year ahead,슬롯사이트 she mentioned in the 슬롯사이트˜India economic outlook, October 2024슬롯사이트™슬롯 머신 사이트 추천IMF Says India's GDP Growth to Moderate to 7 Pc in 2024 and 6.5 Pc in 2025.

Growth is likely to pick up, driven by increasing consumer spending, especially in rural India, as inflation subsides, and agricultural output improves after favourable monsoon conditions. 슬롯사이트œIndia may benefit from higher capital inflows, translating into long-term investment and job opportunities as multinational companies around the world look to reduce operational costs further,슬롯사이트 said the report.

The government슬롯사이트™s focus on boosting manufacturing and improving youth employability, coupled with India슬롯사이트™s young and aspirational population, presents a unique opportunity for economic growth. As the country advances toward becoming a $5 trillion economy by fiscal 2027 to 2028, expanding manufacturing and emerging industries and transitioning toward clean-energy alternatives are likely to create high-quality, formal, and green jobs.슬롯 머신 사이트 추천India Poised To Lead Emerging Markets Over Next 3 Years, Cement Its Position in Global Economy by 2035, Says Report.

슬롯사이트œThis will help many Indian states that are aspiring to grow rapidly, as they are already investing in these areas to tap into India슬롯사이트™s demographic advantage. Subsequently, the improvements in the labour market will likely be reflected in future surveys,슬롯사이트 said Dr Majumdar, a Director and economist with Deloitte India.

Rural consumption spending is rebounding due to moderating inflation, specifically in food. Besides, better rainfall (over June to September, precipitation in the country as a whole was 109 per cent of its long-period average in 2020, and it has been the third highest since 1994) and all-time high production and stock of kharif crops (such as rice and paddy sown during the monsoon season from June to August) point to robust agricultural output this year, thereby further pushing rural demand.

This will likely factor into spending during festive months and beyond, said the report. Manufacturing sector capacity utilisation is at an all-time high of 76.4 per cent, which suggests that private investments in the sector will pick up. Higher capex will also crowd in investments.

슬롯사이트œWe expect India to grow between 7 per cent and 7.2 per cent in fiscal 2024 to 2025 in our baseline scenario, followed by between 6.5 per cent and 6.8 per cent in fiscal 2025 to 2026 (admittedly, slightly lower than previously estimated),슬롯사이트 said Dr. Majumdar. India슬롯사이트™s slightly slower growth in the subsequent year will likely be tied to broader global trends, including sluggish growth and a delayed synchronous recovery in the West, as anticipated earlier.

(The above story first appeared on LatestLY on Oct 22, 2024 10:23 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).