Ind-Ra sees FY25 GDP growth higher at 7.5%

New Delhi: India Ratings & Research (Ind-Ra) on Wednesday upped India’s GDP growth forecast for the current fiscal to 7.5 per cent from 7.1 per cent projected earlier on expectation of improved consumption demand.

It said the ongoing growth momentum led by government capex, deleveraged balance sheets of corporates/banks, and incipient private corporate capex cycle has now found support from the union government budget. The budget promises to bolster agricultural/rural spending, improve credit delivery to MSMEs and incentivise employment creation in the economy.