According to the report, corporate GVA grew by around 18% in Q4 FY24 as compared to 20% in Q4 FY23 and 26% in Q3 FY24. During Q4 FY24 EBIDTA growth reduced marginally to 21% from 26% in the previous quarter.
On the global economic scenario, the report says easing inflationary pressures and tight employment conditions are globally reinforcing optimism in spite of geopolitical and extreme weather event risks likely to metamorphose into turbulent headwinds going forward.
It pointed out that the IMF in its latest world economic outlook (WEO April 2024) raised global growth forecast for 2024 to 3.2%, 10 bps higher than its January 2024 update and expected the global economy to grow at the same pace in 2025, a respite from its earlier gloomy predictions.
According to the report, global headline inflation is expected to fall from an annual average of 6.8% in 2023 to 5.9% in 2024 and further to 4.5% in 2025 (IMF estimate), with advanced economies returning to their inflation targets sooner than emerging and developing economies.
As per advanced estimates of NSSO, the fourth quarter GDP is likely to grow at 5.9% while the full year GDP growth would be 7.6%. RBI has projected the fourth quarter GDP to grow at 7.6%.
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