FY25 GDP growth at 6.5%: Govt confident as domestic demand stays strong Economists find Q4’s 7.6% growth too optimistic; CEA highlights robust rural demand
FY25 GDP Growth at 6.5%: A Confident Outlook
The Indian government has set an optimistic forecast for FY25, projecting a GDP growth rate of 6.5%. This confidence is largely attributed to the strength of domestic demand, which is expected to remain robust throughout the year.
Economists Weigh In
While the Chief Economic Advisor (CEA) maintains a positive stance, some economists express skepticism regarding the implicit GDP growth of 7.6% in Q4. They argue that this figure might be overly optimistic, given various economic indicators. Nonetheless, the CEA reassures that both rural demand is holding steady and urban demand is on the path to recovery.
Domestic Demand: The Backbone of Growth
The strength of domestic demand is critical in sustaining economic momentum. With increased spending power among consumers and a rise in urbanization, the Indian economy is poised to benefit significantly. As rural areas continue to show resilience, urban centers are gradually recovering, further enhancing overall economic stability.
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Conclusion
As the government remains confident in achieving a 6.5% GDP growth rate for FY25, the focus on domestic demand continues to be paramount. Whether you’re a consumer or a business, staying informed and engaged with platforms like Looffers.com can provide significant advantages during this economic journey.
