Country’s economy on track, likely to register GDP growth of 6.6 percent in 2024-25: RBI

RBI GDP Estimates: The Reserve Bank of India has estimated India’s GDP growth at 6.6 percent for 2024-25. According to RBI, the country’s GDP growth is likely to remain stable due to the global economic situation and improvement in domestic demand. He also expressed hope that the next financial year will see a positive impact on the Indian economy with scope for rapid recovery.

RBI has said in the report that India’s economy is growing continuously and rapidly. GDP is expected to grow by 6.6 percent in 2024-25. A surge in government spending and investment to boost rural consumption is also likely to boost services exports.

Improvement in the situation of NBFCs

The balance sheets of financial institutions and banks have improved. The position of NBFCs has improved with additional capital, strong interest income, improvement in income and asset quality. Gross NPA has reduced. Stability and stability has been observed in the financial system.