India’s economy is seeing a temporary slowdown in GDP growth, projected at around 6.5 per cent for Q2 FY25, the State Bank of India has said.
The dip, however, is a temporary impasse despite this blip.
The growth prospects for the third and fourth quarters are optimistic, with an overall GDP close to 7 per cent by the end of FY25.
Sustained rural demand is expected to boost broader economic growth.