ICRA Projects India's GDP Growth to Moderate to Six-Quarter Low of 6% in Q1 FY25.

Economy Business

ICRA has projected that India's GDP growth will slow down to 6% in the first quarter of FY25, marking the lowest rate in six quarters. This anticipated moderation reflects a cooling economy amid ongoing global uncertainties and domestic challenges. Analysts suggest that the slowdown may be influenced by factors such as decreased consumer spending, fluctuating investment levels, and potential disruptions in key sectors. The forecast highlights the need for strategic policy measures to sustain economic momentum and address underlying issues impacting growth.


      ICRA highlights that industrial production and consumer demand are crucial factors affecting GDP growth forecasts.

      Expectations of government stimulus measures may play a role in countering the predicted economic slowdown.

     

 

     


About ICRA,

CEO: Ramnath Krishnan
Headquarters: India
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