Reserve Bank of India
Mumbai: Indian economy is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released on Thursday.
The Indian economy, it said, expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year – the third successive year of 7 per cent or above growth.
“The real GDP growth for 2024-25 is projected at 7.0 per cent with risks evenly balanced,” it said.
The economy, it said, showed resilience in FY24 despite persistent headwinds.
This post was last modified on May 30, 2024 12:03 pm