Today’s Ten: India’s growth for FY 2025 slashed
By Pradeep Damodaran in Media News on Monday, 02nd December 2024 at 4:36pmIndia's growth for fiscal 2025 has been slashed following a sharper-than-anticipated slowdown in economic expansion during the second quarter.
Citing risk to the economic outlook and the likelihood of a rate cut by the Reserve Bank of India in February, economists now predict gross domestic product (GDP) to grow 6.1-6.8% in the year ending March 31, lower than the central bank’s forecast of 7.2%. GDP growth was the slowest in seven quarters at 5.4% in July-September, hurt by low consumption and weak investment demand, reported Anoushka Sawhney and Kirtika Suneja for The Economic Times.
GDP growth in April-September was 6%, against 8.2% in the first half of FY24. The weakness in the first half of FY25 is led by a slowdown in urban demand and a decline in general government capital ex...
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