Indian economy likely to grow at 6% in FY24: Economists

India’s economy is predicted to grow at a resilient rate of 6% in FY24, slightly easing from 7% in FY23, according to a poll of 20 economists. Despite the slowdown, India will remain the fastest-growing major economy. India’s growth is expected to bounce back to 6.5% in FY25. The poll also suggested that inflation will fall within RBI’s inflation target band of 2-6% to 5.3% in FY24, which will also support demand. The poll’s forecasts ranged from 5.2% to 6.3% with a median estimate of 6%.