{"id":20330,"date":"2024-07-22T10:02:45","date_gmt":"2024-07-22T10:02:45","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=20330"},"modified":"2024-07-22T10:02:45","modified_gmt":"2024-07-22T10:02:45","slug":"indias-gdp-to-grow-at-6-5-7-pc-in-2024-25-eco-survey","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/indias-gdp-to-grow-at-6-5-7-pc-in-2024-25-eco-survey\/","title":{"rendered":"India\u2019s GDP To Grow At 6.5-7 Pc In 2024-25: Eco Survey"},"content":{"rendered":"

NEW DELHI, July 22: India\u2019s GDP is likely to grow at 6.5 to 7 per cent in the current fiscal year amid global challenges which may impact exports, said Economic Survey 2023-24 tabled in Parliament<\/a> on Monday.The growth projected for 2024-25 is lower than the economic growth rate of 8.2 per cent estimated for the previous financial year.
\nThe Reserve Bank has projected the GDP growth for the fiscal year ending March 2025 at 7.2 per cent.
\nGlobal agencies like IMF and ADB see India to grow at 7 per cent.
\n\u201c\u2026The Survey conservatively projects a real GDP growth of 6.5\u20137 per cent, with risks evenly balanced, cognizant of the fact that the market expectations are on the higher side,\u201d said the document tabled by Finance Minister Nirmala Sitharaman in Parliament.
\nIt said the domestic growth drivers have supported economic growth in 2023-24 despite uncertain global economic performance. Improved balance sheets will help the private sector cater to strong investment demand.
\nThe Survey also added a note of caution saying \u201cprivate capital formation after good growth in the last three years may turn slightly more cautious because of fears of cheaper imports from countries that have excess capacity\u201d.
\nWhile merchandise exports are likely to increase with improving growth prospects in advance economies, services exports are also likely to witness a further uptick.
\nA normal rainfall forecast by the India Meteorological Department and the satisfactory spread of the southwest monsoon thus far are likely to improve the agriculture sector\u2019s performance and support the revival of rural demand, it said.
\nHowever, the monsoon season still has some way to go, the Survey said.<\/p>\n

\"India\u2019s
India\u2019s GDP To Grow At 6.5-7 Pc In 2024-25: Eco Survey<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI, July 22: India\u2019s GDP is likely to grow at 6.5 to 7 per cent in the current fiscal year amid global challenges which may impact exports, said Economic Survey 2023-24 tabled in Parliament on Monday.The growth projected for 2024-25 is lower than the economic growth rate of 8.2 per cent estimated for the […]<\/p>\n","protected":false},"author":2,"featured_media":20331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6,67,89],"tags":[],"class_list":["post-20330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-header","category-national"],"gutentor_comment":0,"yoast_head":"\nIndia\u2019s GDP To Grow At 6.5-7 Pc In 2024-25: Eco Survey<\/title>\n<meta name=\"description\" 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