SBI economists see Q2 GDP growth slowing down to 6.5% this fiscal

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SBI economists see Q2 GDP growth slowing down to 6.5% this fiscal - Business Standard

Quick Summary:

Economists at the country's largest lender SBI on Wednesday said they see Q2 real GDP growth slowing down further to 6.5 per cent in the September quarter of this fiscal year.

Amid concerns over the country's economic growth rate and if it is slowing down, the analysts said they expect FY25 growth to come "closer to" 7 per cent.

This led to a slew of analysts revising their expectations on growth to below 7 per cent for the fiscal and some also wonder if India is in a cyclical growth slowdown.