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Ind-Ra ups FY25 GDP growth forecast to 7.5%

By Economic Times - 3 months ago
India Ratings & Research (Ind-Ra) raised India's GDP growth forecast for FY25 to 7.5% from 7.1%, citing improved consumption demand. The growth momentum is supported by government capex, deleveraged corporate/bank balance sheets, and private corporate capex. The union budget boosts agricultural/rural spending, MSME credit, and employment, broadening consumption demand.

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