What is India's projected GDP growth for FY25?

India's GDP is projected to expand above 7% in FY25, driven by strong macro fundamentals and reforms.

What are FICCI's manufacturing goals?

FICCI aims to increase the manufacturing sector's share in India's GDP from 15-17% to 20-25%.

When did India's economy last show strong GDP growth?

India's economy grew by 8.2% in the July-September quarter, retaining its position as the world's fastest-growing major economy.

Home / Business and Economy / India's Economy Surges Past 7% Growth Expectation

India's Economy Surges Past 7% Growth Expectation

2 Dec

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Summary

India's GDP is projected to exceed 7% growth in FY25.
FICCI aims to boost manufacturing's GDP share to 25%.
Private investment and R&D spending are expected to rise.

India's Economy Surges Past 7% Growth Expectation

India's economy is on a strong trajectory, with projections indicating a GDP growth rate exceeding 7% for the financial year 2025. This optimistic outlook is supported by robust macroeconomic indicators and sustained reform momentum, according to the new FICCI President Anant Goenka. The nation is described as being in a 'sweet spot' to maintain this growth.

The Federation of Indian Chambers of Commerce & Industry (FICCI) has set ambitious goals for the upcoming year, focusing on elevating the manufacturing sector's share in the GDP from its current 15-17% to 20-25%. To achieve this, FICCI plans to increase R&D expenditure and strengthen collaborations between industry and academic institutions.

Furthermore, Goenka expressed confidence in a revival of private investment, citing positive macroeconomic trends and increasing capacity utilization. Recent GDP growth figures, notably an 8.2% expansion in July-September, highlight India's position as a leading global economy. Efforts are also underway to address trade challenges and improve the ease of doing business, aiming to further stimulate economic activity.