India likely to grow at 7.2% in FY'25: RBI Deputy Governor

RBI Deputy Governor Michael Patra forecasts India’s GDP growth at 7.2% for FY25, based on positive trends in investment and consumption. He highlighted that resilient domestic demand, coupled with government initiatives like PLI schemes, have spurred economic activity. The RBI remains vigilant about inflation, driven by global factors, but remains confident that India’s growth will outpace global peers. Patra also emphasized the importance of maintaining fiscal discipline to ensure macroeconomic stability and support growth.