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.
This story is from the December 02, 2024 edition of The Business Guardian.
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This story is from the December 02, 2024 edition of The Business Guardian.
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