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Morgan Stanley Cuts India’s FY25 GDP Growth to 6.3%

Kumari Sonali

Morgan Stanley Cuts India’s FY25 GDP Growth to 6.3%:

Morgan Stanley has revised India’s GDP growth projection for FY25 down to 6.3%, from its previous estimate of 6.7%. This downward revision comes after India’s GDP growth slowed to 5.4% in the July-September 2024 quarter, marking its lowest level since March 2023. This reflects a broader economic slowdown, driven by weaker private consumption and capital expenditure (capex), though the services sector showed resilience.

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