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India's GDP may touch 8% this fiscal year, to exceed govt estimate of 7.6%: RBI Governor Shaktikanta Das
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Crisil, in its India outlook report, projected that the Indian economy is poised for substantial growth in the upcoming fiscal year, forecasting a GDP growth rate of 6.8 percent. This indicator, the GDP growth rate, measures the year-over-year or quarterly change in a nation's economic output, offering insight into the pace of economic expansion.
"After a better-than-expected 7.6% this fiscal, India's real GDP growth will likely moderate to 6.8% in fiscal 2025," said the Crisil India Outlook report. Currently, India's GDP stands at $3.6 trillion, positioning it as the world's fifth-largest economy, following the United States, China, Japan, and Germany.
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