Experts predict that India’s gross domestic product (GDP) is likely to moderate to 6.5-6.7% year-on-year in the fourth quarter of FY24, signaling concerns over a slowdown in gross value added (GVA) growth. Challenges in the industrial and services sectors contribute to this trend, with the agricultural sector expected to contract for the second consecutive quarter due to ongoing struggles in rabi output. The International Monetary Fund (IMF) predicts a full-year growth of 7.8%, while ICRA expects the GDP and GVA growth for the full year to print at 7.8% and 7.0%, respectively.
India’s GDP Growth Expected to Moderate in Q4 FY24
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