India may be set for another year of robust growth in the financial year beginning April 1 (2024-25, or FY25), with inflation projected to ease closer to the Reserve Bank of India’s comfort zone, which may allow it to start the rate-cut cycle.
However, risks may stem from global factors such as slower-than-expected global growth, higher commodity prices, and geopolitical turbulence, which may adversely impact growth and macro-stability, research agencies and economists said.
After robust economic growth of 7.6 per cent in 2023-24 (FY24), most macroeconomic forecasters have pegged growth in gross domestic product (GDP) for FY25 between 6.8 per