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India's GDP expected to fall below 6.5 pc in FY25 amid slowdown in GDP growth in second quarter: SBI
India's GDP is likely to drop below 6.5 per cent in FY25, with Q2 growth slowing to 5.4 per cent. The manufacturing sector faced significant declines, impacting overall economic performance. Despite resilience in services and agriculture sectors, industrial sluggishness pulled down growth. GVA growth stood at 5.6 per cent, marking challenges ahead for the economy.
India's GDP is likely to drop below 6.5 per cent in FY25, with Q2 growth slowing to 5.4 per cent. The manufacturing sector faced significant declines, impacting overall economic performance. Despite resilience in services and agriculture sectors, industrial sluggishness pulled down growth. GVA growth stood at 5.6 per cent, marking challenges ahead for the economy.
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