Morgan Stanley revised its forecast for India's FY25 growth, reducing it to 6.7% from 7% due to weaker-than-expected high-frequency growth data for Q2, which is projected to expand at a slower rate of 6.3%, Business Today reported.
However, it anticipates a recovery in growth during the second half of FY25, forecasting an uptick to around 6.7-6.8%, driven by stronger agricultural output and increased government spending.
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