Consultation for satellite spectrum grant to begin
NEW DELHI: Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for the current fiscal to 7.5% — the highest among all analysts and 30 bps over the Reserve Bank estimate.
The agency had previously projected 7.1% uptick in the GDP, which has surprisingly grew at 8.2% in FY24. At 7.2%, the Reserve Bank forecast is the highest from the official estimates, which was revised up by 20 bps from its April forecast, while the budget has pegged it at 6.5-7%.
