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HDFC Securities forecasts India's GDP growth at 6.4% for 2024-25, citing mixed economic drivers.
HDFC Securities predicts India's GDP growth will slow to 6.4% in 2024-25, with risks from weaker urban demand and private investment.
However, rural demand and increased government spending are expected to support growth.
The Reserve Bank of India had previously lowered its forecast to 6.6%.
For 2025-26, GDP growth is predicted to improve to 6.7%, driven by sectors like BFSI, industrials, cement, energy, and IT.
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HDFC Securities pronostica el crecimiento del PIB de la India en un 6,4% para 2024-25, citando factores económicos mixtos.