Ficci revises India’s GDP growth forecast at 6.4%, inflation at 4.8%

NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) has revised its GDP growth forecast for India to six.4 per cent for the monetary yr 2024-25 marking a notable discount from its September 2024 estimate of seven.0 per cent. GDP growth for the yr 2023-2024 was recorded at 8.2 per cent.
FICCI’s forecast for 2025
According to FICCI’s newest financial outlook for 2025, performed in December 2024, the Indian economic system will probably be present process cautious optimism.

Sector sensible outlook
Consumer spending is anticipated to extend, supported by constructive prospects in agriculture and rural consumption.
Growth is more likely to be pushed by government-led investments in infrastructure, housing, and logistics.
Private capital expenditure, alternatively, could stay muted on account of ongoing geopolitical uncertainties and uneven home demand.
The agricultural sector, together with allied actions, is projected to develop at 3.6 per cent in FY 2024-25. The industrial and providers sectors are anticipated to broaden by 6.3 per cent and seven.3 per cent, respectively.
Economic exercise is anticipated to collect tempo within the latter half of the fiscal yr, pushed by increased public capital expenditure, festive demand, and the normalisation of business exercise following the monsoon.
Inflation is anticipated to ease, with shopper worth index (CPI)-based inflation forecasted at 4.8 per cent for 2024-25, aligning with the Reserve Bank of India’s (RBI) projections.
Food inflation, which has strained family budgets over the previous yr, can be more likely to reasonable, providing aid to shoppers.
Attracting international funding
The report additionally highlights rising alternatives in manufacturing, electronics, and prescription drugs, as world provide chains steadily diversify away from China. Economists have known as for focused insurance policies to draw international direct funding and enhance India’s manufacturing competitiveness.
The survey highlights the resilience of the worldwide economic system regardless of steady uncertainties. Easing inflation in superior economies, relaxed financial insurance policies, and restoration in interest-sensitive sectors are anticipated to help growth. However, dangers comparable to geopolitical tensions, commerce uncertainties, and climate-induced disruptions stay vital.
Budget 2025
With the Union price range 2025-26 set to be introduced on 1 February, economists have careworn the significance of reviving personal consumption. Other suggestions embody reviewing tax constructions to spice up disposable revenue, enhancing welfare programmes like MGNREGA and PMAY, and rising investments in agriculture and rural infrastructure.
To handle inflation and enhance productiveness, the survey advises measures to boost chilly storage capability, streamline provide chains, and cut back meals wastage.
Additionally, the Indian economic system may benefit from provide chain realignments and rising alternatives in electronics and renewable power sectors, regardless of short-term challenges posed by world commerce insurance policies and geopolitical tensions.
Economists have additionally beneficial diversifying export markets, creating superior industrial clusters, and deepening collaborations in key areas comparable to synthetic intelligence, clear power, and cybersecurity to strengthen financial resilience and guarantee sustained growth.