New Delhi: Indian economy is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released on Thursday.
The Indian economy, it said, expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year – the third successive year of 7 per cent or above growth. (Also Read: Health Insurance Update: IRDAI Sets 3-Hour Time Limit For Insurers To Clear Cashless Claims- Read Details)
“The real GDP growth for 2024-25 is projected at 7.0 per cent with risks evenly balanced,” it said. The economy, it said, showed resilience in FY24 despite persistent headwinds. (Also Read: Key Rules Changes From June 1: Aadhaar Updates, LPG Cylinder Prices, And More)