NEW DELHI : India’s Economic Growth in the first quarter of the current fiscal (Q1 FY25) is expected to slide on a year-on-year (YoY) basis.
Rating firm ICRA has projected the YoY expansion of the country’s GDP (gross domestic product) to moderate to a six-quarter low of 6.0% in Q1 FY2025 from 7.8% in Q4 FY2024, amidst a contraction in government capital expenditure and a dip in urban consumer confidence.
Moreover, ICRA notes that the growth in the gross . . .
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