The Indian economy is likely to sustain its high growth trajectory in FY2024-25, driven by strong momentum in fixed investments and a pickup in private consumption, said conglomerate ITC in its latest annual report.
Besides, there are "green shoots of recovery in rural markets", improving employment conditions and sustained momentum in manufacturing and services sectors, which augur well for consumption demand in the near term, it added.
The growth would also be supported by a good Rabi harvest and normal monsoons, according to the ITC annual report for FY 2023-24.
"India continues to be acknowledged as one of the fastest growing major economies in the world with significant headroom for growth over the medium and long-term benefiting from a slew of purposeful interventions over several years," it added.
Factors like favourable demographic profile, increasing affluence, rapid urbanisation and accelerated digital adoption represent some of the key structural drivers of growth of the
