Fitch raises FY25 growth forecast to 7.2%
Business Standard|June 19, 2024
Fitch Ratings on Tuesday raised India's GDP growth estimates for FY25 by 20 basis points to 7.2 per cent - the same as that of the Reserve Bank of India (RBI) - citing positive economic outlook driven by recovering consumer confidence and increased investment.
- SHIKHA CHATURVEDI

"Investment will continue to rise but more slowly than in recent quarters, while consumer spending will recover with elevated consumer confidence. Purchasing managers survey data point to continued growth at the start of the current financial year. Signs of the coming monsoon season being more normal should support growth and make inflation less volatile, though the recent heatwave poses a risk," the rating agency said in its latest Global Economic Outlook (GEO).

The Indian economy grew at an impressive rate of 8.2 per cent in FY24, driven by a stronger-than-expected expansion of 7.8 per cent in the fourth quarter.

この蚘事は Business Standard の June 19, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Business Standard の June 19, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

BUSINESS STANDARDのその他の蚘事すべお衚瀺
Technology changes BFSI sector
Business Standard

Technology changes BFSI sector

Firms in the industry are undergoing a major digital transformation, with technologies - Cloud, Al, GenAI, RPA, and blockchain - leading the way, says a Business Standard-Everest Group report

time-read
7 分  |
November 06, 2024
Making sense of India's real estate boom
Business Standard

Making sense of India's real estate boom

Growth drivers in real estate include urbanisation, disposable incomes, and demand for residential, commercial, and logistics spaces, according to a Business Standard-Knight Frank report

time-read
8 分  |
November 06, 2024
Business Standard

THE BIGGEST BFSI SUMMIT IS EVEN BIGGER NOW

The largest financial sector event in the country - the Business Standard BFSI Insight Summit - is back this year in a bigger form.

time-read
3 分  |
November 06, 2024
Shares of Adani Ports anchor at 5-month low
Business Standard

Shares of Adani Ports anchor at 5-month low

Down 5% in two days after business update for October

time-read
2 分  |
November 06, 2024
Business Standard

Markets rebound as investors cast wide net for value

In-demand financial stocks drive the rally

time-read
2 分  |
November 06, 2024
Business Standard

Global mkt: Stocks, Treasury yields gain as US votes

World stocks rose and Treasury yields rebounded on Tuesday while an index of market volatility retreated, as markets awaited early indications of the outcome of a knife-edge US election, with only currency markets showing some jitters.

time-read
1 min  |
November 06, 2024
Business Standard

Upper-teens EPS growth likely for Gland Pharma in next two financial yrs

Gland Pharma's Q2FY25 results beat muted expectations, with upper-teens EPS growth projected over the next two financial years despite a slowdown in US sales and temporary issues at its Cenexi subsidiary.

time-read
2 分  |
November 06, 2024
Sagility India IPO booked 22% on Day 1
Business Standard

Sagility India IPO booked 22% on Day 1

The initial public offering (IPO) of Sagility India Ltd, a technology-enabled services provider in the health care space, received 22 per cent subscription on the first day of bidding on Tuesday.

time-read
1 min  |
November 06, 2024
Record FPI exodus throws a shadow on stock markets
Business Standard

Record FPI exodus throws a shadow on stock markets

Foreign investors are souring on India's stock market, selling a record amount of shares amid signs the South Asian nation's post-pandemic economic boom is losing steam.

time-read
1 min  |
November 06, 2024
Govt may divest 2.5% in HZL through OFS
Business Standard

Govt may divest 2.5% in HZL through OFS

The Centre is planning to sell 2.5 per cent of the total share capital of Hindustan Zinc Ltd (HZL) through an offer for sale (OFS) on Wednesday and Thursday for ₹505 per share.

time-read
1 min  |
November 06, 2024