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Morgan Stanley raises India's FY25 GDP growth to 6.8%
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Morgan Stanley raises India's FY25 GDP growth to 6.8%

India Blooms News Service | @indiablooms | 27 Mar 2024, 09:33 pm

Mumbai: Global brokerage firm Morgan Stanley on Wednesday increased its GDP growth forecast for India in FY25 to 6.8 percent, up from the previous estimate of 6.5 percent.

This upward revision comes on the back of ongoing momentum in industrial and capital expenditure activities.

The GDP forecast for FY24 is set at 7.9 percent.

"We expect GDP growth to track at around 7 per cent in QE Mar-24 with GVA growth of 6.3 per cent and thus F2024e GDP growth of 7.9 per cent," the company said in its report.

The firm, further, stated that the growth is anticipated to be comprehensive, with the disparities between rural-urban consumption and private-public capital expenditure expected to narrow in the upcoming fiscal year, FY25.

"The cycle will have more years of steady expansion driven by improvement in productivity growth, which will ensure macro stability remains benign. Indeed, we expect CPI inflation to track at 4.5 per cent in F2025e and F2026e and current account deficit at 1 per cent of GDP in F2025e and F2026e, " it further stated.

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