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The State Bank of India s (SBI) research Ecowrap believes that the GDP growth for the December quarter of the fiscal year 2024 (Q3FY24) is likely to be 6.8 percent, assuming no changes to the base figures. ....
India s Gross Domestic Product (GDP) is expected to moderate sequentially to 6.0% YoY in Q3 FY2024, according to credit rating agency ICRA. The moderation is attributed to the industrial and agricultural sectors, with a slowdown in government expenditure and an uneven monsoon impacting GDP growth. The contraction of 0.2% in total spending by the Indian Government and 25 states in the previous quarter may have dulled GDP growth. ....