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

NEW DELHI: The Federation of Indian Chambers of Commerce and Trade (FICCI) has revised its GDP progress 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 progress for the yr 2023-2024 was recorded at 8.2 per cent.
FICCI’s forecast for 2025
In accordance with FICCI’s newest financial outlook for 2025, carried out in December 2024, the Indian financial system can be present process cautious optimism.

Sector sensible outlook
Client spending is anticipated to extend, supported by constructive prospects in agriculture and rural consumption.
Development is more likely to be pushed by government-led investments in infrastructure, housing, and logistics.
Non-public capital expenditure, alternatively, might stay muted attributable to 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 commercial and companies sectors are anticipated to broaden by 6.3 per cent and seven.3 per cent, respectively.
Financial exercise is anticipated to assemble tempo within the latter half of the fiscal yr, pushed by greater public capital expenditure, festive demand, and the normalisation of commercial exercise following the monsoon.
Inflation is anticipated to ease, with client worth index (CPI)-based inflation forecasted at 4.8 per cent for 2024-25, aligning with the Reserve Financial institution of India’s (RBI) projections.
Meals inflation, which has strained family budgets over the previous yr, can be more likely to average, providing reduction to shoppers.
Attracting international funding
The report additionally highlights rising alternatives in manufacturing, electronics, and prescription drugs, as international provide chains regularly diversify away from China. Economists have known as for focused insurance policies to draw international direct funding and increase India’s manufacturing competitiveness.
The survey highlights the resilience of the worldwide financial system regardless of steady uncertainties. Easing inflation in superior economies, relaxed financial insurance policies, and restoration in interest-sensitive sectors are anticipated to assist progress. Nevertheless, dangers reminiscent of geopolitical tensions, commerce uncertainties, and climate-induced disruptions stay vital.
Price range 2025
With the Union price range 2025-26 set to be introduced on 1 February, economists have careworn the significance of reviving personal consumption. Different suggestions embrace reviewing tax constructions to spice up disposable earnings, 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.
Moreover, the Indian financial system may gain advantage from provide chain realignments and rising alternatives in electronics and renewable vitality sectors, regardless of short-term challenges posed by international commerce insurance policies and geopolitical tensions.
Economists have additionally really helpful diversifying export markets, creating superior industrial clusters, and deepening collaborations in key areas reminiscent of synthetic intelligence, clear vitality, and cybersecurity to strengthen financial resilience and guarantee sustained progress.