Moody’s Analytics on Thursday revised its India GDP forecast for calendar year 2025 downward by 30 basis points to 6.1 per cent, due to tariff threats from the US hitting gems and jewellery, medical devices, and textile industries the worst.
As per use-based classification, capital goods (8.3 per cent) and infrastructure goods (6.6 per cent) grew at a robust rate, while growth in primary goods (2.8 per cent) and intermediate goods (1.5 per cent) decelerated.
Aditi Nayar, chief economist at ICRA, said the performance of most of the available high-frequency indicators improved in March, including electricity generation and mobility and transport-related indicators, such as GST e-way bill generation, port cargo traffic, diesel consumption, petrol consumption, and vehicle registrations.
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