India’s GDP is expected to grow by 6.8 per cent in FY25, lower than 8.2 per cent in the last fiscal, ICRA said.
The country’s GDP growth slowed down to a six-quarter low of 6 per cent in Q1 FY25 from 7.8 per cent in Q4 FY24.
It foresees a transient moderation in India’s gross value added and GDP growth in Q1 FY25 to 5.7 per cent and 6 per cent respectively.