Crisil projects India's real GDP growth at 6.6% for FY25 (2024-25), down from 8.2% in FY24
GK and monthly revision
RBI may stay nimble on rates as growth is seen slowing to 6.6%: Report
Crisil projects India's GDP growth to slow to 6.6% in FY25, down from 8.2% in FY24. Despite this, foreign portfolio investor inflows surged in July 2024, improving financial conditions. Systemic liquidity surplus widened, money market rates softened, bank credit growth stayed strong, and bond yields declined, though the rupee weakened. These mixed signals may prompt the RBI to maintain a flexible stance on policy rates in upcoming MPC meetings.
Source: Economic Times. This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.
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Key points
Exam-ready takeaways
Foreign Portfolio Investor (FPI) inflows improved significantly in July 2024, boosting financial conditions
Systemic liquidity surplus widened and money market rates softened during July 2024
Bank credit growth remained strong and bond yields declined, but the Indian rupee weakened
Reserve Bank of India (RBI) may remain nimble/flexible on policy rates given mixed growth-inflation signals
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