Current Affairs - Economy - Discussion

India Ratings and Research have raised their GDP growth estimate for FY25 to 7.1%. This upward revision is attributed to robust government spending, improved corporate and banking sector health, and a potential increase in private corporate capital expenditure. The agency also notes that despite these positive factors, challenges such as uneven consumption demand and global economic sluggishness could impact growth dynamics. The focus on sustained real wage growth is highlighted as crucial for a more inclusive and sustainable consumption recovery, reflecting the complexities within India's economic landscape.