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1. What is the revised GDP growth forecast for FY25 according to India Ratings & Research (Ind-Ra)?
India Ratings & Research (Ind-Ra) has increased its GDP growth forecast for FY25 to 7.5%, up from the previous forecast of 7.1%. This adjustment reflects stronger consumption demand and is supported by various factors such as government capital expenditure, improved corporate and bank balance sheets, private sector investment, and measures outlined in the union budget. Additionally, Private Final Consumption Expenditure is expected to rise to 7.4% due to favorable budget measures and a potentially above-normal monsoon, contributing to the overall growth projection.