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Business News/ Economy / Economy News Today Live Updates on December 13, 2024: India FY25 GDP: Fitch slashes India's growth forecast to 6.4% from 7% for 2025-26
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Economy News Today Live Updates on December 13, 2024: India FY25 GDP: Fitch slashes India's growth forecast to 6.4% from 7% for 2025-26

7 min read . Updated: 13 Dec 2024, 08:17 PM IST
Livemint

Economy News Today Live Updates on December 13, 2024: From key announcements to major events impacting the micro and macro economy of the country and the world, this platform provides you with all the latest updates on the economy.

Economy News Today Live Updates: India FY25 GDP: Fitch slashes India's growth forecast to 6.4% from 7% for 2025-26Premium
Economy News Today Live Updates: India FY25 GDP: Fitch slashes India's growth forecast to 6.4% from 7% for 2025-26

Economy News Today Live Updates on December 13, 2024: Stay informed with the latest information and news about the Indian economy, world economy, global indicators, government policy for the economy, and real-time insights on dynamic GDP growth with our live coverage. LiveMint is the one-stop hub for those looking for the latest economic news and willing to understand the intricacies and details of their impact on our daily lives. Catch real-time updates here.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

13 Dec 2024, 08:17:33 PM IST

Economy News Today Live: India FY25 GDP: Fitch slashes India's growth forecast to 6.4% from 7% for 2025-26

  • India's GDP growth forecast for FY25 has been adjusted to 6.4 per cent by Fitch Ratings, reflecting a decline from previous expectations. Despite this, Fitch remains optimistic about India's recovery, citing strong domestic demand and infrastructure investments as key growth drivers.
Read the full story here

13 Dec 2024, 05:53:35 PM IST

Economy News Today Live: Capex support will continue for infrastructure development: Minister Chaudhary

  • Infrastructure investments have been loaded in the recent past. For FY25, the Centre allocated ₹11.11 trillion for its own infrastructure capex and ₹3.9 trillion as grants to states for asset creation, according to data from the finance ministry.
Read the full story here

13 Dec 2024, 01:26:32 PM IST

Economy News Today Live: RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February

  • The deceleration in inflation has fueled calls for monetary policy easing amid concerns over domestic economic growth. Analysts anticipate that the RBI could initiate a shallow rate-cut cycle in its February 2025 policy meeting, provided inflation continues to decline.
Read the full story here

13 Dec 2024, 12:25:34 PM IST

Economy News Today Live: Gujarat Energy Transmission plans IPO on Centre's directions to raise funds for capex on capacity addition

  • Gujarat Energy Transmission Company and other state transcos are considering going public to raise funds for expanding infrastructure to support 500 GW of clean energy by 2030, requiring a total investment of ₹42 trillion in renewable energy.
Read the full story here

13 Dec 2024, 10:24:33 AM IST

Economy News Today Live: Which economy did best in 2024?

  • We rank countries on five measures
Read the full story here

13 Dec 2024, 07:00:23 AM IST

Economy News Today Live: Mint Explainer: How rising palm oil prices impact India and its consumers

  • As palm oil prices skyrocket due to global supply issues and increased import duties, Indian manufacturers face tough decisions. From price hikes to product downsizing, the FMCG sector is bracing for impact, affecting consumers' wallets and altering the landscape of essential goods.
Read the full story here

13 Dec 2024, 05:50:18 AM IST

Economy News Today Live: India stocking up coal for high power demand, aims 50 mn tn inventory at plants by April

  • The ministry's efforts to increase inventory and remain prepared for a likely higher demand comes in the backdrop of the crisis-like situations experience in FY22
Read the full story here

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