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