Franklin Templeton News - Latest Updates & Headlines
India to continue as fastest-growing major economy globally: Report
New Delhi, Jan 10: India will continue to stand out as the fastest-growing major economy globally in the coming years with growth momentum to improve in 2025 as government spending is picking up again and consumer sentiment stays resilient, according to a Franklin Templeton report.
India will have an average growth of above 7 pc in subsequent four quarters: Franklin Templeton
New Delhi, January 9: Despite the recent challenges and lower-than-expected growth of 5.4 per cent in second quarter of 2025 (Q2FY25), the subsequent four quarters growth is expected to remain on an average of over 7 per cent, says the annual outlook of India by Franklin Templeton. India's domestic growth outlook remains resilient despite recent challenges. The outlook for India says high-frequency indicators suggest that the domestic slowdown has bottomed out in Q2FY25 and recovery signs are evident, driven by festive demand and rural activities."in the subsequent four quarters growth is expected to remain on an average above 7.0 per cent, supported by strong domestic demand and prudent government policies." says the annual outlook.