NIPFP Estimates India's GDP To Grow At 7.1% In FY25

Economic think-tank National Institute of Public Finance and Policy on Friday said it has estimated India's GDP growth at 7.1% for the current fiscal, using high-frequency models.

NIPFP, in a series of tweets, said the Centre is on a fiscal consolidation path through buoyancy in taxes and revenue expenditure compression.

The economic think tank said that in 2023-24, states' capex growth is robust due to significant capex transfers from the Centre.

While the Asian Development Bank and Fitch Ratings have estimated India's growth at 7%, the International Monetary Fund, S&P Global Ratings and Morgan Stanley projected a 6.8% growth rate for FY25.