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- The report provides a detailed analysis of India's economic outlook for the fiscal year 2024-25.
- Here are some key highlights:
- GDP Growth: India's GDP growth is projected to be 6.4% for 2024-25, a slight decrease from the previous estimate of 7%.
- Sectoral Growth: The agricultural sector is expected to grow by 3.6%, while the industry and services sectors are projected to expand by 6.3% and 7.3% respectively.
- Inflation: CPI-based inflation is forecasted to be around 4.8% for the fiscal year.
- Investment: Government-led investments in infrastructure, housing, and logistics are anticipated to drive growth. However, private capital expenditure is expected to remain subdued due to geopolitical uncertainties and uneven domestic demand.
- Consumer Spending: Expected to gain momentum, driven by improvements in the agricultural sector and rural consumption.
- Global Factors: Geopolitical uncertainties, trade tensions, and climate-induced disruptions are highlighted as potential risks.
Question:
1 The FICCI Economic Outlook Survey 2025 projects India's GDP growth for the fiscal year 2024-25 to be:
- A) 7.0%
- B) 6.4%
- C) 6.8%
- D) 5.9%