SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%

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SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4% - Business Standard

Quick Summary:

Industry is expected to grow at 6.2 per cent in FY25, down from 9.5 per cent in FY24, while services is likely to grow by 7.2 per cent, a slight decrease from 7.6 per cent in FY24.

According to the NSO’s data, agriculture and allied activities are projected to grow by 3.8 per cent in FY25, up from 1.4 per cent in FY24, driven by robust policy measures and public infrastructure development.

We, however, believe that GDP growth for FY25 could be around 6.3 per cent, with downward bias,” the SBI said in its GDP forecast.