INDUSTRY OUTLOOK: INDIAN REAL ESTATE AND SUSTAINABILITY
- Credit Rating Agency in India
- Industry Report
- INDUSTRY OUTLOOK: INDIAN REAL ESTATE AND SUSTAINABILITY
India’s GDP growth of 8.2 per cent in FY24, inflation numbers coming down to 3.65 per cent in August 2024, the Reserve Bank of India’s (RBI) upward revision of the FY25 GDP growth forecast at 7.2 per cent, and its effective monetary policy has balanced growth with price stability solidifying India’s status as one of the fastest-growing economies globally. The domestic consumption is strong, driven by consumer loans, and is tending toward stability. The country is well-positioned to manage any volatility arising from the U.S. elections, supported by its large foreign exchange reserves, stable growth with moderate inflation, high real interest rates, fiscal discipline, and ongoing reform efforts.