With India logging disappointing growth in the July-September quarter, Crisil now expects GDP growth to slow to 6.8 per cent this financial year 2024-25. Last year, India grew at 8.2 per cent.
According to the rating agency Crisil, the growth is weighed down by high interest rates and low fiscal impulse.
"Risks are tilted toward the downside given the lacklustre second quarter growth number," said the Crisil report.
However, certain high-frequency indicators from October such as automobile sales and export growth are showing encouraging signs of a revival in the third quarter, indicating the slowdown in the second quarter could be transitory.
Denne historien er fra December 02, 2024-utgaven av The Daily Guardian.
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Denne historien er fra December 02, 2024-utgaven av The Daily Guardian.
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