By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Despite GDP slowdown, India’s economic conditions remain positive: S&P Global Market Intelligence – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Despite GDP slowdown, India’s economic conditions remain positive: S&P Global Market Intelligence – World News Network
Business

Despite GDP slowdown, India’s economic conditions remain positive: S&P Global Market Intelligence – World News Network

worldnewsnetwork
Last updated: September 3, 2024 12:00 am
worldnewsnetwork 10 months ago
Share
SHARE

New Delhi [India], September 3 (ANI): Despite the slowdown in growth in the first quarter of 2024-25, India’s underlying economic conditions remain positive, asserted S&P Global Market Intelligence.

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

The financial information and analytics firm S&P Global Market Intelligence kept India’s real GDP growth forecast unchanged at 6.8 per cent for the entire year 2024-25.
India’s real GDP grew 6.7 per cent during the April-June quarter — the first quarter of 2024-25 — down from 8.2 per cent same quarter last year. The RBI had forecast a 7.1 per cent growth in the April-June 2024 quarter.
Weaker government spending ahead of the Lok Sabha election and a prolonged heatwave impacted economic growth during the quarter.
“With private consumption, fixed investment, manufacturing and services all showing solid expansion, underlying momentum remains strong, with our real GDP outlook for FY 2024-25 retained at 6.8 per cent,” said S&P Global Market Intelligence.
India’s GDP grew by an impressive 8.2 per cent during the financial year 2023-24, continuing to be the fastest-growing major economy. The economy grew by 7.2 per cent in 2022-23 and 8.7 per cent in 2021-22.
Many global rating agencies and multilateral organizations have also revised their growth forecasts for India upwards.
Going forward, improving agriculture production, moderating inflation, and the social support measures announced in the Budget in July should further support private consumption in India.
“The momentum in corporate profit growth is starting to slow, but with industry capacity expanding and government maintaining its focus on infrastructure investment, overall fixed investment growth should also remain healthy,” S&P Global Market Intelligence added.
Financial conditions should also turn more favourable from the second half of the fiscal year.
The RBI’s Monetary Policy Committee kept the repo rate unchanged in August for the ninth straight time and is likely to maintain the status quo in the October policy meeting, S&P Global Market Intelligence noted.
However, as inflation continues to moderate and monetary conditions around the world ease, S&P Global Market Intelligence said that the RBI may start cutting the repurchase rate in December 2024.
Barring the nine pauses, the RBI raised the repo rate by 250 basis points cumulatively to 6.5 per cent since May 2022 in the fight against inflation. Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline. (ANI)

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

India’s corporate revenue growth may slowdown in FY26 as nominal GDP growth cools: Jefferies – World News Network

Understanding the unique features of Bajaj Finserv Small Cap Fund – World News Network

India’s EV sales doubled in June’25 (YoY), 5% of new vehicles sold were EV: FADA – World News Network

World Avocado Organisation Launches 2025 Campaign in India! – World News Network

LoopNote Meet Launches as better and efficient alternative to Fireflies AI and similar platforms, Revolutionizing AI-Powered Meeting Productivity – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article FC Goa announce signing of Sahil Tavora on multi-year deal – World News Network
Next Article “Feel happy and proud to be able to play for my country”: Indian para shuttler Suhas Yathiraj after winning silver at Paris Paralympics – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

New tech tracks blood sodium without needle: Study – World News Network
Health 4 days ago
A look at ‘Pehla Tu Duja Tu’ song from Ajay Devgn, Mrunal Thakur-starrer ‘Son of Sardaar 2’ – World News Network
Entertainment 4 days ago
Sean ‘Diddy’ Combs gets standing ovation from fellow inmates after court verdict – World News Network
Entertainment 4 days ago
WATCH: Check out how Masaba Gupta, Neena Gupta are ‘entertaining’ Matara – World News Network
Entertainment 4 days ago

Sports

Carlos Alcaraz storms into quarter-finals of Wimbledon 2025 after defeating Andrey Rublev – World News Network
Sports
“The opposition is world class”: England captain Stokes reflects on India’s dominance after crushing defeat – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

James Gunn says ‘Superman’ is “about human kindness” – World News Network
Entertainment
Dharmendra, Saira Banu remember legendary actor Dilip Kumar on his death anniversary – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?