The estimated growth for FY25 is slightly below CareEdge's projection of 6.5% and also falls short of the Reserve Bank of India's forecast of 6.6%.
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CareEdge Report
India's gross domestic product growth for FY25, as per First Advance Estimate, has been reported at 6.4% compared to 8.2% growth recorded in FY24.
The estimated growth for FY25 is slightly below our projection of 6.5% and also falls short of the Reserve Bank of India's forecast of 6.6%. The positive aspect is that the economic growth is estimated to pick up in H2 after touching the trough in Q2 FY25. GDP growth is estimated at 6.7% in H2 FY25 compared to 6% growth recorded in H1. In nominal terms, GDP growth is projected at 9.7% for FY25.
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