Crisil projects India's GDP growth slowdown to 6.8%

India's GDP growth is forecasted to decline to 6.8% in 2024-2025 due to rising interest rates and limited fiscal stimulus, according to Crisil. While Q2 growth was only 5.4%, positive indicators suggest a potential rebound in Q3. Agricultural growth is promising, driven by a strong monsoon, which may help reduce food prices and boost rural consumption.

Dec 2, 2024 - 14:30
Crisil projects India's GDP growth slowdown to 6.8%

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India's GDP growth is forecasted to decline to 6.8% in 2024-2025 due to rising interest rates and limited fiscal stimulus, according to Crisil. While Q2 growth was only 5.4%, positive indicators suggest a potential rebound in Q3. Agricultural growth is promising, driven by a strong monsoon, which may help reduce food prices and boost rural consumption.
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