The National Institute of Public Finance and Policy (NIPFP) has revised its growth forecast for India to 6.9-7.1% for FY25, citing a notable moderation in growth during the June quarter. This slowdown is attributed to a significant contraction in net exports and reduced government consumption due to the implementation of the model code of conduct.
The National Institute of Public Finance and Policy (NIPFP) has downgraded India’s GDP growth forecast for FY25 to 6.9-7.1%, down from its earlier estimate of 7.1-7.4% made in April.
Reasons for Revision
Capital Expenditure (Capex)
Economic Trends
Risks to Growth
Comparison with RBI’s Forecast
Inflation Projections
Fiscal Deficit Outlook
International Monetary Fund (IMF) Outlook
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