Slowdown after festivals may hurt Q3 growth: Economists
Post-festival economic moderation in India is causing lower-than-expected growth in Q3 2024, indicated by slowing GST growth, manufacturing PMI, and industrial production. Divergent trends in November and December highlight an uneven trajectory. Economists suggest policy support to boost the slowing momentum, with real GDP growth projected at 6.5% YoY for FY25 and FY26.
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Post-festival economic moderation in India is causing lower-than-expected growth in Q3 2024, indicated by slowing GST growth, manufacturing PMI, and industrial production. Divergent trends in November and December highlight an uneven trajectory. Economists suggest policy support to boost the slowing momentum, with real GDP growth projected at 6.5% YoY for FY25 and FY26. 
