Reserve Bank of India Governor Shaktikanta Das has said India’s growth remains intact as its fundamental drivers – consumption and investment demand – are gathering pace.
Mr Das said in the RBI’s monthly bulletin, India’s real GDP growth rate is likely to be 7.2% in FY 2024-25.
He said private consumption prospects look bright due to improved agricultural scenario and rural demand.
The continued surge in services would also support urban demand, he added.
Government expenditure of the Centre and the states is expected to increase in line with budget estimates.
According to the RBI document, CPI inflation is projected at 4.5% for 2024-25.
