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.
Esta historia es de la edición December 02, 2024 de The Business Guardian.
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Esta historia es de la edición December 02, 2024 de The Business Guardian.
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