- Economy Growth Projections:
- Economically, India is projected to grow to 6.6% in 2025, increasing by another notch in 2026 to 6.7%.
- The South Asian region is on course to record a growth of 5.7% in 2025 and a 6% growth figure in 2026.
- This would see growth taper off a bit to 6.4% in 2024-25, slightly less than what the RBI has forecasted.
The Key Growth Drivers
- Public Sector Investments in Major Infrastructure.
- Infrastructure Development with Strong Multiplier Effects for Economic Growth.
- Industrial Growth and Growth of Services in an Economy for Sectoral Leadership.
- Service and product export in pharmaceuticals and electronics.
- Better operations for crops during a monsoon in 2024.
- Disasters Risking Economic Growth
- These include geopolitical tensions, external demand, debt problems, and domestic unrest.
- Climate change risk is also included.
