ICRA Projects India's GDP Growth to Slow in FY25

Experts at ICRA predict India's economy will grow, but at a slightly slower pace than previously estimated.

They forecast a 6.3% growth for the fiscal year 2024-25, which is less than the government's earlier prediction of 6.5%.

The Q4 growth is expected to be 6.9%.

This is affected by uneven private consumption and uncertainty.

Services exports are growing, but merchandise exports have decreased.

The final numbers will be released on May 30.