India's quarterly growth slumps to a near two-year low, well below expectations
Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis, said India's economy will slow but not "collapse" in 2025. India's economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low.
India's economy expands by just 5.4% in the last quarter, well below expectations
India's economy expanded by 5.4% in its second fiscal quarter ending September. Economists had forecast GDP growth of 6.5% for the period, according to a Reuters poll. The Reserve Bank of India had forecast an expansion of 7% for the quarter.
India's economy is likely to slow in 2025: Economist
Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis, forecasts that India's economy will slow in 2025, but also added that won't be a collapse.
India's economy slows more sharply than expected as manufacturing weighs
India's economy slowed much more than expected in July-September, expanding by only 5.4% year-on-year as growth in manufacturing and consumption decelerated, data showed on Friday. It was the slowest growth in gross domestic product in seven quarters and well below a 6.
India's economy slows sharply at 5.4% in Q2 of FY25
September, hampered by weaker expansions in manufacturing and consumption, which will add pressure on the central bank to cut interest rates. Gross domestic output in the world's fifth biggest economy rose by 5.
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