Current Economic Indicators: India's GDP growth, estimated at 7.8% for Q1 FY25, remains primarily driven by resilient private consumption and a significant uptick in gross fixed capital formation (GFCF) – indicative of a nascent private capex cycle complementing sustained government infrastructure spending.
The fiscal deficit target for FY25 is set at 5.1% of GDP, reflecting continued fiscal consolidation while supporting growth.
The Reserve Bank of India (RBI) maintains a relatively hawkish stance, holding the repo rate at 6.5% to anchor inflation expectations, with CPI moderating but food price volatility posing an ongoing risk.
Core inflation remains subdued, signaling contained demand-side pressures. Goods and Services Tax (GST) collections consistently exceeding ₹1.6 lakh crore monthly underscore formalization and consumption strength.
The fiscal deficit target for FY25 is set at 5.1% of GDP, reflecting continued fiscal consolidation while supporting growth.
The Reserve Bank of India (RBI) maintains a relatively hawkish stance, holding the repo rate at 6.5% to anchor inflation expectations, with CPI moderating but food price volatility posing an ongoing risk.
Core inflation remains subdued, signaling contained demand-side pressures. Goods and Services Tax (GST) collections consistently exceeding ₹1.6 lakh crore monthly underscore formalization and consumption strength.
Current Economic Indicators: India's GDP growth, estimated at 7.8% for Q1 FY25, remains primarily driven by resilient private consumption and a significant uptick in gross fixed capital formation (GFCF) – indicative of a nascent private capex cycle complementing sustained government infrastructure spending.
The fiscal deficit target for FY25 is set at 5.1% of GDP, reflecting continued fiscal consolidation while supporting growth.
The Reserve Bank of India (RBI) maintains a relatively hawkish stance, holding the repo rate at 6.5% to anchor inflation expectations, with CPI moderating but food price volatility posing an ongoing risk.
Core inflation remains subdued, signaling contained demand-side pressures. Goods and Services Tax (GST) collections consistently exceeding ₹1.6 lakh crore monthly underscore formalization and consumption strength.

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