• Deloitte India has revised its GDP growth projection for the fiscal year 2024-25 to a range of 6.5% to 6.8%, citing global trade uncertainties and domestic challenges.

Comparative Analysis with Other Projections

• Reserve Bank of India (RBI): The RBI has adjusted its annual growth forecast to 6.6%, reflecting a more conservative outlook amid global uncertainties.
• National Statistical Office (NSO): The NSO estimates GDP growth at 6.4% for the current fiscal year, aligning with a cautious economic outlook.
• PHD Chamber of Commerce and Industry (PHDCCI): PHDCCI projects a higher growth rate of 6.8% for FY2024-25, driven by enhanced business efficiency and an investment-friendly climate.
• United Nations (UN): The UN forecasts India’s economy to grow by 6.6% in 2025, supported by robust private consumption and investment.

Date: Current Affairs - 25-01-2025
Category: Economics

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