Economy of India / The world will tell India's story - Prediction from Germany about the economy

Economy of India: When the GDP growth of the second quarter came, not only India but all the economic institutions of the world were worried. From the World Bank to the IMF and banks around the world, analysis of India's growth had started. But everyone was sure of one thing that in the coming days, India's economy will stand up once again and surprise the world. The whole world will tell the story of the success of the Indian economy. A sample of this was seen in the report of Germany's largest banking institutions, which said that the bad phase of India's economic growth is over. In the third quarter, India's growth will not only be above 6 percent but will also be the highest in the world.

Global trust in India's economy

This trust in India's economy by the world's fourth largest economy's largest banking institutions is not without reason. In the current era, the country's manufacturing sector, core sector and service sector are witnessing growth compared to other countries. Also, India's inflation rate is coming down rapidly compared to Europe and America. It is clear from this that India's economy and GDP are moving in the right direction.

Big prediction from Germany

A report by German brokerage company Deutsche Bank has assessed that the bad phase in terms of economic growth for the Indian economy is over. Deutsche Bank's report released on Wednesday said that the GDP growth rate came down to 5.4 percent in the September quarter, raising concerns about economic strength. However, the GDP growth rate is estimated to be 6.2 percent in the December quarter. Analysts at the bank said that the worst phase of India's growth is over, although despite the improvement in economic activity, this rate may remain below 7 percent in FY 2025-26.

Glimpse of other analysis and estimates

Ahead of the release of official data on GDP growth, various analysts have also predicted that 65 key economic indicators are indicating a growth of 6.2 percent. According to the SBI report, India's economic growth can be 6.3 percent in the third quarter. At the same time, the NSO estimate is also 6.3 percent.

Plans to boost the economy

The country's banking regulator is also taking several steps to boost the economy. In the February monetary policy meeting, the repo rate was reduced for the first time in 5 years, which can support the country's economic growth. Deutsche Bank estimates that the Reserve Bank of India can cut policy rates by 0.25 percent during the monetary policy review in April. Some experts say that interest rates can be cut six times in the current calendar year, which can lead to a total reduction of 1.50 percent.

World Bank expressed confidence

The World Bank has expressed confidence in the Indian economy and appealed to investors to invest in India. Speaking at the 'Advantage Assam 2.0' business conference, World Bank Country Director Auguste Tano Kouame said that despite a slight decline in the growth rate, the World Bank is optimistic about India's economic prospects. He said that if anyone is worried about the recent data, they should rest assured. India will remain a bright spot in global economic growth and is a great place to invest.

Conclusion

India's economic condition is moving towards rapid improvement, and the confidence of global institutions in it is making it even stronger. Be it the report of Germany's Deutsche Bank, the monetary policy of the Reserve Bank of India or the confidence of the World Bank - all indicate that India's economy is soon going to touch new heights globally.