New Delhi, January 7 – India’s economy is projected to grow at 6.4% in FY25, according to the first advance estimates from the National Statistics Office (NSO), a slowdown from the 8.2% growth in FY24. The decline is attributed to weaker manufacturing and reduced corporate investments, with the Reserve Bank of India revising its forecast from 7.2% to 6.6%. Despite challenges, a partial recovery is expected in the latter half of the year, though inflation and low investment levels remain concerns.
The IMF has raised India’s growth forecast to 7.0% for the current year. While the 6.4% projection may be revised, analysts stress the need for urban consumer spending and private investment to drive recovery, highlighting issues such as income moderation and credit availability.
