India’s economic growth is likely to rise at 6.4 percent for fiscal year 2024-25, according to Standard & Poors (S&P) Global. However, the agency cautioned that high food inflation and weak exports can cast a shadow on growth in the years ahead. In its Economic Outlook for Asia Pacific, it said, growth this year and the next is on track to be the strongest in emerging market economies with higher domestic demand.
This projection is in line with many agencies, though lower than the government and RBI projection of 6.5 percent.
