DECELERATING FY25 GDP GROWTH CAUSES CONCERN
- Credit Rating Agency in India
- Economy Overview
- DECELERATING FY25 GDP GROWTH CAUSES CONCERN
In conformity with our 6.5 per cent real gross domestic product (GDP) growth expectation, India’s GDP is expected to grow by 6.4 per cent in FY 25 over 7.2 per cent growth in FY 24. The Ministry of Statistics and Programme Implementation (MoSPI) said in its official release “Real GDP has been estimated to grow by 6.4 per cent in FY 2024-25 as compared to the growth rate of 8.2 per cent in Provisional Estimate (PE) of GDP for FY 2023-24. Nominal GDP has witnessed a growth rate of 9.7 per cent in FY 2024-25 over the growth rate of 9.6 per cent in FY 2023-24”.