Quick Summary
INDIA'S REAL GDP AND GVA GROWTH ESTIMATED AT 6.4 PER CENT IN FY25 (FIRST ADVANCE ESTIMATES) THE REAL GDP GROWTH TO GROW BETWEEN 6.3 AND 6.8 PER CENT IN FY26 THRUST ON GRASSROOTS-LEVEL STRUCTURAL REFORMS AND DEREGULATION TO BOOST MEDIUM-TERM GROWTH POTENTIAL AND GLOBAL COMPETITIVENESS GEO-ECONOM
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FAQ :
India's real GDP growth is estimated at 6.4 per cent in FY25, according to the first advance estimates.
The survey highlights a thrust on grassroots-level structural reforms and deregulation to boost medium-term growth potential and global competitiveness.
The banking sector shows improvement with bank credit growing steadily, a decline in gross non-performing assets (GNPAs) to a 12-year low of 2.6 per cent, and robust capital buffers.
India's FOREX reserves stood at USD 640.3 billion as of December 2024, sufficient to cover 10.9 months of imports and approximately 90 per cent of the country's external debt.
The RBI and the IMF project India's consumer price inflation to align with the target of around 4 per cent in FY26.
India has an installed electricity generation capacity of 46.8 per cent from non-fossil fuel sources as of November 2024, with a 15.8 per cent year-on-year increase in solar and wind power capacity by December 2024.
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