India's GDP growth seen at 6.5% in FY25, FY26: EY

Real GDP growth eased to a seven-quarter low of 5.4% in July-September -- the 2nd quarter of the current 2024-25 fiscal year

- PTI

India's economy is likely to grow by 6.5 per cent in the current and the next financial year, an EY report said, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation.

Real GDP growth eased to a seven-quarter low of 5.4 per cent in July-September -- the second quarter of the current 2024-25 fiscal year. This was compared to 6.7 per cent in the preceding quarter.

This was primarily because two domestic demand components -- private final consumption expenditure and gross fixed capital formation -- together accounted for a fall of 1.5 percentage points.