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Krishna Bhimavarapu

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India Faces Economic Slowdown Amid Rising Inflation and Weak Consumer Demand

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.
CNBC
Chinese Yuan United States Dollar Japanese Yen Adani Group GBR USA CHN IND JPN Lee Jung-jae Alicia Garcia Herrero Chandradeep Kumar Gautam Adani Krishna Bhimavarapu Show more
Finance & Economy, Market Report
17:45 05.12.2024
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