The Confederation of Indian Industry (CII) forecasts India’s GDP to expand by 8% in the fiscal year 2024-25. This optimism stems from anticipated growth across key sectorsâmanufacturing, agriculture, and servicesâbacked by ongoing reforms, robust public spending, and favorable monsoon predictions. CII’s projection exceeds estimates from other institutions like the World Bank and IMF. Sanjiv Puri, CII President, expects agriculture to grow by 3.7% with good monsoon forecasts, while manufacturing may moderate to 8.4% due to a high base effect.
India’s Economy Set for 8% Growth in FY 2024-25, Says CII
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