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SBI Cuts India’s FY25 GDP Growth Forecast to 6.3%

Kumari Sonali

SBI Cuts India’s FY25 GDP Growth Forecast to 6.3%:

India’s economic growth is expected to slow down in the fiscal year 2024-25, with the State Bank of India (SBI) revising its GDP growth estimate to 6.3%. This is lower than the Reserve Bank of India’s (RBI) projection of 6.6% and a significant drop from last year’s growth rate of 8.2%. The downgrade is attributed to weaker manufacturing growth and subdued private investment, both of which have raised concerns about the overall economic trajectory.

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