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flag ICRA forecasts India's GDP growth at 6.4% for Q3 of 2024-25, up from 5.4%, driven by government spending and investment.

flag ICRA projects India's GDP to grow 6.4% in the December quarter of 2024-25, up from 5.4% in the September quarter. flag This growth is driven by increased government spending and improved investment activity, including higher capital and infrastructure goods output and cement production. flag The services and agricultural sectors are also contributing positively. flag However, the report notes potential risks from global economic uncertainties and a moderation in manufacturing and industrial growth. flag The official GDP growth estimate for this quarter will be released by the National Statistical Office on February 28.

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