Mumbai, Dec 13 || India's economic growth will continue to hold steady in FY25 despite global uncertainties, with a projected GDP at 6.7 per cent in FY26, a report showed on Friday.
CareEdge Ratings said that it expects Indian government to continue on the path of fiscal consolidation and projects India's GDP growth to remain healthy at 6.5 per cent in FY25 and 6.7 per cent in FY26.
“We expect to see improvement in private investment in 2025, supported by anticipated monetary policy easing,” said Sachin Gupta, Chief Rating Officer and ED, CareEdge Ratings.
The report said that CPI inflation is expected to moderate in the coming quarters. It expects food inflation to moderate, driven by a strong kharif harvest and favourable conditions for rabi sowing.
The CPI inflation, excluding vegetable inflation, has been below 4 per cent in the last few months. The average CPI inflation is projected at 4.8 per cent in FY25 and 4.5 per cent in FY26.
Core inflation is expected to remain benign, averaging 3.5 per cent in FY25 and 4.3 per cent in FY26. And WPI inflation is anticipated to average 2.5 per cent in FY25 and 3 per cent in FY26.