Correct Answer :   7.2%

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.

Correct Answer :   7%

The Asian Development Bank (ADB) has retained its forecast for India's GDP growth rate at 7% for FY24, driven by strong performance in agriculture, industry, and services.

This growth rate is attributed to the government's fiscal consolidation efforts and resilience amidst global geopolitical challenges.

Key growth drivers for FY24 include agricultural improvements, robust performance in the industrial and services sectors, and rural spending.

The ADB also forecasts a growth rate of 7.2% for FY25, driven by private investments, urban consumption, and job creation through employment-linked incentives.

Correct Answer :   7%

The International Monetary Fund (IMF) has revised India's GDP growth forecast for FY2024-25 to 7%, an increase from the previous estimate of 6.8%.

This upward revision is attributed to stronger private consumption, especially in rural areas.

India's economy is expected to remain robust, solidifying its position as one of the fastest-growing major economies globally, with projected growth continuing into FY2025-26.