Painting a bullish picture on the growth momentum of the Indian economy, foreign brokerage Morgan Stanley has raised the country’s GDP growth forecast for Financial Year 2024-25 to 6.8 percent from 6.5 per cent estimated earlier. The upward revision comes in the wake of continued traction in industrial and capex activity. For the current calendar year, India’s economy will grow at 6.8 percent as against 6.4 per cent estimated earlier, Morgan Stanley Research said in a new research report titled ‘Building Stronger Recovery’. For the current fiscal, Morgan Stanley sees GDP growth at robust 7.9 percent, much higher than government estimate of 7.6 per cent and closer to RBI expectation of around 8 per cent. For the ongoing fourth quarter this fiscal, Morgan Stanley sees GDP growth at 7 per cent with gross value added Growth of 6.7 per cent. Morgan Stanley expects CPI inflation to moderate to 4.5 per cent in 2024-25 and current account deficit will track around 1 percent of GDP. (ICE NEW DELHI)

Fonte notizia: Business Line