India’s GDP to Grow at 6.5% in FY24

The country’s gross domestic product (GDP) is likely to grow 6 percent in the 2024 fiscal amid a challenging global macroeconomic environment, Crisil Ratings said in a report.
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This growth rate is lower than the Reserve Bank of India’s 6.4 percent growth forecast and the Economic Survey’s projection of 6.5 percent.
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We expect India’s gross domestic product (GDP) growth to touch 6 percent in fiscal 2024, compared with 7 percent estimated by the National Statistical Organisation (NSO) for fiscal 2023, the rating agency said in its report.