Inflation in India to average at 5.6% in Q3, 5% in Q4 in FY25: Ind-Ra

The headline retail inflation is expected to head closer to 4 per cent from end-FY25, it noted in a release.

Ind-Ra expects the index of industrial production (IIP) growth to have inched up to around 4 per cent year on year (YoY) in October this year owing to the pick-up in the core sector output and improvement in manufacturing sector output.

The expected pickup in capital expenditure spending by the central government in the second half of this fiscal, positive rabi crop prospects, steady services activity and revival of industrial sector activity would help push up GDP growth in the half.

Fibre2Fashion News Desk (DS)