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India’s Economic Growth Projection for 2024-25: Navigating Challenges Amid Uncertainty The Indian economy, one of the fastest-growing major economies globally, is expected to grow at 6.5-6.8% in the fiscal year 2024-25 , according to Deloitte India’s latest Economic Outlook. Despite optimism, several internal and external factors continue to shape the economic landscape. Revised Growth Projections: A Cautious Approach Deloitte’s adjustment of the GDP growth projection underscores the need for caution amidst rising global trade and investment uncertainties. Q2 2024-25 GDP Growth : Recorded at 5.4% year-on-year , falling below market expectations. Revised Forecasts : The RBI lowered its growth forecast to 6.6% , while the NSO estimates 6.4% for the current fiscal. Future Growth : Deloitte projects growth in 2025-26 to range between 6.7-7.3% , reflecting cautious optimism. Key Factors Influencing Economic Growth Election and Weather-Related Disruptions The election uncertai...

Sensex and Nifty Reach Record Highs on Expectations of  M odi 3.0 The stock market opened with unprecedented gains on Monday, driven by exit polls predicting a decisive victory for the BJP-led NDA coalition. This surge in investor optimism propelled the Sensex and Nifty to new all-time highs. Sensex and Nifty Surge The Sensex soared by 1859.88 points, opening at a record 75,821.19, while the Nifty jumped 603.85 points, starting the day at 23,134.55. Remarkably, all 50 companies in the Nifty index saw advances, marking an exceptionally strong market performance. Leading the rally were Adani Ports, Adani Enterprises, Power Grid, Shriram Finance, and NTPC. Strong Economic Indicators The buoyant market sentiment was further supported by India's impressive Q4FY24 GDP growth of 7.8%, surpassing expectations and bringing the fiscal year's growth to a robust 8.2%. Varun Aggarwal, founder and managing director of Profit Idea, commented on the positive sentiments driven by the GDP growth...