Ind-Ra ups FY25 GDP growth forecast to 7.5%

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.
Read The Rest at :