Growth may have slipped in rainy Q2 but forecast for fiscal is sunny
- Posted on November 4, 2024
- By Business News Today
- 2 Views
Growth may have slipped in rainy Q2 but forecast for fiscal is sunny
India's economic growth slowed to 6.8% in July-September due to reduced consumption and investment amid heavy monsoon rains. Factors like lower diesel and electricity usage, slower vehicle sales, a global slowdown, and geopolitical tensions affected growth. Economists expect overall annual growth to remain robust at around 7%.