Morgan Stanley Projects India’s GDP growth for FY25 to 6.5%

• In its latest analysis, Morgan Stanley Research projects India’s GDP growth for FY25 to moderate to 6.5%, down from the 6.9% projected for FY24. Despite this moderation, the report maintains a constructive outlook on the Indian economy, citing improvements in domestic demand and macro stability.

• Meanwhile, ICRA forecasts a sequential moderation in year-on-year GDP growth to 6% in Q3 FY24 from 7.6%, primarily influenced by the agriculture and industry sectors. The report also notes a slowdown in investment activity, with government capital expenditure witnessing a slight dip in the last quarter.

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Published date : 22 Feb 2024 04:44PM