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Crisil anticipates India's GDP growth to slow to 6.8% in 2024-25
The Business Guardian
|December 02, 2024
The best part is that agricultural growth has risen and is likely to increase further due to expectations of a healthy kharif harvest.
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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.
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