RBI’s rosy growth forecast baffles economists

The Reserve Bank of India's forecast of a 7.2% growth rate for the economy by March 2025 is causing concern among economists due to recent signs of slowing activity. Economists point to factors like declining urban consumption and exports, and warn against maintaining high interest rates, which could further undermine growth.

Oct 28, 2024 - 09:00

RBI’s rosy growth forecast baffles economists

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The Reserve Bank of India's forecast of a 7.2% growth rate for the economy by March 2025 is causing concern among economists due to recent signs of slowing activity. Economists point to factors like declining urban consumption and exports, and warn against maintaining high interest rates, which could further undermine growth.