According to a report by the Reserve Bank of India (RBI) released on Monday (30 December), the Indian economy is demonstrating strength and stability. The report projects that the country's gross domestic product (GDP) will see a growth rate of 6.6 per cent in the fiscal year 2024-25.

Structural growth drivers such as public consumption, investment, and service exports are expected to support recovery in the latter half of FY25. This will be aided by favorable financial conditions.

📌 GDP Growth Projections: The RBI’s report underscores a positive outlook for the Indian economy, with GDP growth anticipated at 6.6%. This growth rate reflects the country’s ability to navigate global economic challenges while maintaining domestic stability.

The Reserve Bank of India has released its Financial Stability Report (FSR) expressing optimism about the economy in the near future. It also revealed facts about NPA, the condition of Scheduled Commercial banks and inflation.

On the economy, the Financial Stability Report said during the first half of 2024-25, real GDP growth year-on-year moderated to 6 percent from 8.2 percent and 8.1 percent growth recorded during H1 and H2 of 2023-24,