SBI revised India’s FY25 GDP growth forecast to 6.3%, slightly below the NSO’s 6.4%. The bank noted challenges including a slowdown in lending and manufacturing, with expectations for slower growth re

India's GDP growth for 2024-25 is projected at 6.4%, a four-year low, as per NSO data. Manufacturing growth slows to 5.3%, and services to 5.8%, while agriculture improves to 3.8%. Nominal GDP is estimated at Rs 324.

The official data for the first advance estimates of national income for 2024-25 will be released on Tuesday, January 7.

India's Gross Domestic Product (GDP) is projected to grow at 6.4 per cent in the financial year 2024-25 down from 8.2 per cent growth recorded in 2023-24, according to the first advance estimates released by the Ministry of Statistics on Tuesday.

SBI projects India's GDP growth to be 6.3 per cent in FY25 with a downward bias due to challenges. This is below the previous year's estimate of 6.4 per cent and four-year low. Real GDP growth is expected to decelerate,

India’s GDP growth is expected to slow to 6.4% in the fiscal year 2024-25, down from 8.2% in the previous year, as per NSO estimates. Real GDP and GVA

The National Statistics Office (NSO) and Ministry of Statistics and Programme Implementation (MoSPI) has announced the first advance estimates of annual GDP growth rate to 6.4% for FY25. This will be the slowest growth since the pandemic,

India’s GDP is projected to grow at 6.4 percent in FY 2024–25, as per the first advance estimates released by the NSO on January 7, 2024.

India’s government lowered its economic growth projection for the fiscal year to the weakest since the pandemic, with economists saying even that forecast may be too optimistic.

India forecast annual growth of 6.4% in the year ending in March, the slowest in four years and below the lower end of government's initial projection, dragged by a weaker manufacturing sector and slower corporate investments.