India’s Q1 GDP Grows at 6.7%, Lowest in 5 Quarters

- India's Q1 GDP growth slowed to 6.7% in the first quarter of FY25, marking the lowest growth in five quarters, down from 7.8% in the previous quarter. - The 6.7% growth is broadly in line with expert estimates but falls short of the RBI's projection of 7.2% for the same period. - The slowdown has been attributed to reduced government spending, likely influenced by election activities and heatwaves. - Industrial production saw a modest increase, with growth at 5.2% compared to 4.7% in the April-June period of 2024. - Despite the slowdown, India's economy is still expected to maintain a growth rate of over 7% for the fourth consecutive year, with Moody's revising the 2024 growth forecast upward to 7.2%. Source: [India Today](https://www.indiatoday.in/business/story/india-gdp-growth-q1fy25-short-of-estimates-key-details-2590913-2024-08-30)