India's Q2 FY25 economic growth slowed to 6.9% due to lower government spending during national elections.

India's economic growth slowed to 6.9% in Q2 of FY25, according to Reuters polls, due to lower government spending during the national election in June. This marks the slowest growth in a year for India's third-largest economy. The Modi-led government plans to boost consumption through rural spending and job creation in its post-election budget. Despite the slower growth, India is expected to remain the world's fastest-growing major economy with a median forecast of 7.0% growth in the current fiscal year and 6.7% in the next.

August 25, 2024
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