India’s economic growth remains strong, with the RBI projecting a 7.2% GDP growth for 2024-25. The October RBI Bulletin highlights the rising momentum in consumption and investment demand as key drivers, forecasting 7% growth in Q2, and 7.4% each in Q3 and Q4.
Private consumption, driven by improved rural demand and a strong agricultural outlook, is expected to play a major role. Urban demand, supported by the services sector, also remains robust. The government's focus on capital expenditure and strong corporate and bank balance sheets further boost investment activity.