Indian Economy Grew 7.4% in Q4 FY24; 8% in FY24: SBI Research Report

• The Indian economy showcased robust growth, with a GDP increase of 7.4% in Q4 FY24 and an overall 8% growth for the fiscal year FY24, according to an SBI Research report. This announcement comes ahead of the official GDP figures release by the Centre on May 31 for Q4 FY24 and the provisional estimates for FY24.
• The Reserve Bank of India (RBI) estimated Q4 FY24 real GDP growth at 7.3%, with expectations for Q1 FY25 at 7.5%, and full-year FY25 growth projected at 7.0%. Chief Economic Adviser V. Anantha Nageswaran also indicated a high possibility of India’s economic growth touching 8% in FY24.
• In Q4 FY24, around 2,400 listed entities reported a top-line growth of 9%, while EBIDTA grew by approximately 21%, compared to a flat top line in previous quarters.

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Published date : 30 May 2024 03:27PM