RBI's rosy growth forecast baffles economists

  • Posted on October 28, 2024
  • By Business News Today
  • 2 Views
RBI's rosy growth forecast baffles economists

The Reserve Bank of India (RBI) maintains a positive growth forecast for India's economy, predicting a 7.2% expansion for the year ending March 2025. This is significantly higher than the government's projection of 6.5%-7% and investment banks like Goldman Sachs, which have lowered their estimates to 6.5%. The RBI attributes its optimistic outlook to improving rural spending and private investment, despite concerns over sluggish urban consumption and declining exports.
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