India likely to grow at 7.5% in FY25: NCAER

Economic think-tank National Council of Applied Economic Research (NCAER) Wednesday pegged India’s FY25 growth at about 7.5% on the back of buoyant economic activity.

“GDP (Gross Domestic Product) growth during 2024-25 may turn out to be higher than 7% and even closer to 7.5%,” said Poonam Gupta, Director General, NCAER.

The monthly economic review for June noted that this outlook was underpinned by the buoyancy in economic activity witnessed in the first quarter, a keen policy focus on investment and growth and macroeconomic stability; and the expectations of normal monsoon.


The RBI raised its projections for India's real GDP growth for FY 2024-25 to 7.2% from 7%.

Gupta, however, said taming food prices remains a challenge. “A broader policy framework may be needed to address it, including building climate-resilient food supply as also a gentle shift toward packaged and preserved food supply to bridge the periodical supply and demand gap that has become routine,” she said.