ICRA predicts Indian GDP growth to slow to 6% in Q1 FY25, with full FY2024-25 growth at 6.8%.

Indian GDP growth is forecasted by ICRA to slow down to 6% in Q1 FY25 due to reduced government capital expenditure and a dip in urban consumer demand. For the full fiscal year 2024-25, ICRA anticipates GDP growth to reach 6.8%, down from 8.2% in the previous fiscal year. The agency expects a back-ended pick-up in economic activity in the second half of FY2025, driving GDP growth above 7%.

August 22, 2024
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