A 6.5% pace is at the low end of the ministry's earlier 6.5-7% growth projection for FY25.
The ministry in its latest review projected a bright growth outlook for the fiscal third quarter, stating that while rural demand remained resilient, urban demand showed signs of rebounding in the first two months of the quarter (October and November).
This comes after India's GDP growth in the second quarter (July-September) came in at a disappointing 5.4%, its slowest in nearly two years, dragged by a slowdown in manufacturing and urban consumption and disappointing corporate earnings.
Esta historia es de la edición December 27, 2024 de Mint Ahmedabad.
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