2. Rural Employment: Demand under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is expected to be 27% lower in FY25. This projection suggests a potential decline in rural employment opportunities, which may have implications for the overall economy.
3. Remittances Cost: The Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) are collaborating to reduce the cost of remittances. This move aims to facilitate affordable and efficient cross-border money transfers, benefiting individuals and businesses.
4. Wheat Procurement: The government plans to significantly increase wheat procurement from Bihar, Rajasthan, and Uttar Pradesh. This initiative is likely to support farmers and enhance the overall food security of the country.
5. Securitisation Market: The growth in the Indian securitisation market is expected to slow down as co-lending gains traction. This shift in market dynamics could have implications for investment opportunities and financing options.
6. Inflation and Growth: The RBI's Monetary Policy Committee has kept the repo rate unchanged at 6.5%. Additionally, real GDP growth for 2024-25 is projected at 7%. These monetary policy decisions aim to maintain stability while supporting economic growth.
7. GDP Growth: India's GDP growth surged to 8.4% in Q3, with the growth rate for 2023-24 pushed up to 7.6%. These growth figures indicate a positive trajectory for the Indian economy, reflecting strong economic performance
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