Growth momentum to sustain in FY25; no significant acceleration likely
RBI recently released the results of the latest surveys of consumer confidence, inflation expectations, and professional growth forecasts. The results generally show that consumer confidence is sustained at high levels, with respondents fairly optimistic about the prospects in the year forward period; inflationary expectations are stable and the growth momentum of FY24 is likely to be sustained in FY24 also. Some key highlights of the surveys could be noted as follows: Consumer confidence stable · Consumer confidence for the current period is stable; the current situation index (CSI) remained unchanged from the previous round. · Higher pessimism on the current general economic situation and employment was counterbalanced by a positive turnaround in sentiment on current income. · Respondents were fairly optimistic about the ye...