India's GDP growth slowed to 5.4% for the quarter ending September, the lowest in seven quarters and below the expected 6.5%, driven by reduced urban consumption and rising inflation, particularly in vegetable prices. Despite this, the Nifty 50 index has risen 13.7% this year, and analysts predict a gradual slowdown in growth, with forecasts around 6% for 2025. Concerns remain about investment activity and credit growth, highlighting the need for policy action to mitigate risks.
India's economy grew by just 5.4% in the second fiscal quarter, falling short of expectations and marking a near two-year low. Despite this, the Reserve Bank of India remains optimistic about the agriculture sector and consumer spending, projecting a 7.2% growth for the 2024 fiscal year. Economists predict a slowdown but not a collapse, with growth forecasts for 2025 ranging from 6% to 6.4%.
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