India’s FY25 GDP growth will surpass Economic Survey forecast: Industry

Echoing similar sentiments, President of PHD Chamber of Commerce and Industry Sanjeev Agrawal said the Survey conservatively projects a real GDP growth of 6.5-7 per cent, with risks evenly balanced and market expectations on the higher side.

"However, we believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India," said Agrawal.

The GDP growth for FY25, which is imminently achievable, is driven by excellent macro financial management, and facilitative policy environment which includes a thrust on capex and inflation control. CII is confident that, going forward, the Indian economy has the potential to achieve 7 per cent plus growth backed by a consensus between the Centre, states and the private sector on the reform agenda, the industry body stated.