 "Growth in gross domestic product (GDP) is likely to have moderated in the June quarter this financial year owing to a slowdown in key drivers because of the Lok Sabha elections and a high base effect, according to analysts.")
Growth in gross domestic product (GDP) is likely to have moderated in the June quarter this financial year owing to a slowdown in key drivers because of the Lok Sabha elections and a high base effect, according to analysts.
This comes in the wake of the Indian economy experiencing strong growth rates of above 7.5 per cent in all four quarters in FY24.
The Reserve Bank of India (RBI) has predicted 7.1 per cent growth for Q1FY25.
The National Statistical Office (NSO) will release the Q1 growth numbers on Friday.
Rajani Sinha, chief economist, CARE Ratings, said GDP growth in Q1
