Home > Practice > Current Affairs > October - 2024 > October 10, 2024
1. What GDP growth rate has the RBI projected for India in FY 2024-25?
The Reserve Bank of India (RBI) has projected a GDP growth rate of 7.2% for the financial year 2024-25. This optimistic projection is attributed to strong domestic demand, low raw material costs, and robust growth in the manufacturing sector. While the first quarter recorded a growth rate of 6.7%, the RBI has forecasted steady increases for the remaining quarters, with GDP growth rates of 7%, 7.4%, and 7.4% for Q2, Q3, and Q4 respectively. The Monetary Policy Committee, in a 5:1 vote, decided to keep interest rates unchanged.