RBI projects GDP growth at 7% for 2024-25, sees inflation falling to 4.5%
Among the key drivers on the demand side, household consumption is expected to improve, while prospects of fixed investment remain bright owing to upturn in the private capex cycle, improved business sentiments, healthy balance sheets of banks and corporates; and government's continued thrust on capital expenditure, according to the RBI.
RBI projects GDP growth at 7% for 2024-25, image credit: Reuters