RBI projects 7 pc growth for next financial year
Thursday, 8 February 2024
Reserve Bank of India (RBI) has projected a GDP growth of 7 percent for the 2024-25 financial year. This projection is slightly lower than the estimated 7.3 percent expansion for the current fiscal year. RBI Governor Shaktikanta Das highlighted that while rural demand is steadily increasing, urban consumption remains strong and the investment cycle is gaining momentum due to increased capital expenditure.
Reserve Bank of India (RBI) has projected a GDP growth of 7 percent for the 2024-25 financial year. This projection is slightly lower than the estimated 7.3 percent expansion for the current fiscal year. RBI Governor Shaktikanta Das highlighted that while rural demand is steadily increasing, urban consumption remains strong and the investment cycle is gaining momentum due to increased capital expenditure.
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