India’s GDP Growth Forecast for FY25
India’s Real GDP growth for FY25 is projected at 6.4%, a four-year low, as per NSO estimates. This marks a slowdown from the previous year, attributed to weak industrial and investment sectors, election-related uncertainties, and fiscal tightening. While consumption demand is expected to rise by 7.3%, investment growth is forecasted to decline to 6.4%. The services sector remains resilient with an estimated 7.2% growth. Government expenditure is projected to increase by 4.1%, providing some support. Despite challenges, rural demand driven by strong agricultural output may improve growth prospects in the latter half of FY25, highlighting the need for targeted strategies.
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