India's economic growth slowed to 6.7 per cent year-on-year in the April-June quarter, below the RBI's projection of 7.1 per cent
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The report highlights that the Q1 growth figure is primarily subdued due to weaker performance in both the agriculture and services sectors
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Election-related uncertainty, imposition of a code of conduct leading to lagged government spending and June being a seasonally weak quarter have added to the anticipated moderate gross domestic product (GDP) growth figure, as per the report
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As per the poll by Reuters, India’s economy grew at the slowest pace in a year at 6.9 per cent in the April to June 2024 quarter. The growth is down from 7.8 per cent in the preceding quarter
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Several key indicators point to a strengthening of the economic landscape, supported by goods and services tax (GST) collections, vibrant sectoral performances, and favourable external and fiscal conditions
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The global financial organisation anticipates the economy to increase by 6.5 per cent in FY26, unchanged from April
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