News
The Reserve Bank of India (RBI) has forecasted a 6.6% real GDP growth for FY25, with third-quarter growth at 6.8% and fourth-quarter growth at 7.2%. The first quarter of 2025-26 is expected to see growth of 6.9%, while the second quarter may reach 7.3%. Despite a sharp decline in industrial growth during the second quarter, mainly due to setbacks in manufacturing, mining, and electricity, the RBI Governor, Shaktikanta Das, noted that high-frequency indicators show recovery driven by strong festive demand and rural activity. Services and rural demand are rising, and government consumption and investment are improving. Merchandise exports grew 17.2% in October, with services exports up by 22.3%.