According to Ind-Ra, India’s GDP is projected to grow at 6.5% in FY25, fueled by government spending, lower global commodity prices, and strong corporate performance.

 This forecast is lower than the RBI’s prediction of 7% growth and the NSO’s projection of 7.3% growth for FY24. 

Ind-Ra also anticipates a revival in private sector investments, with Rs 3.56 trillion raised for 982 projects in FY23, a significant increase from Rs 1.98 trillion for 791 projects in FY22.

 However, the report notes that WPI inflation may impact GVA growth in FY25, as rising input costs could squeeze corporate margins if not passed on to consumers.

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