The rating agency has projected 7.2 per cent growth for India for 2024. It is followed by 6.6 per cent and 6.5 per cent growth for 2025 and 2026, respectively.
India's real GDP expanded 6.7 per cent year-on-year (Y-o-Y) in the June quarter of 2024. It was driven by a revival in household consumption, robust investment and strong manufacturing activity.
The report said high-frequency indicators - including expanding manufacturing and services purchasing managers' index (PMI), robust credit growth and consumer optimism - signal steady economic momentum in the September quarter.
This story is from the November 16, 2024 edition of Business Standard.
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This story is from the November 16, 2024 edition of Business Standard.
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