August 31, 2024 11:24 AM

With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc

According to a recent report by the State Bank of India (SBI), the moderation in India's GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1. As per the Ministry of Statistics and Programme Implementation's official data released on Friday, the Indian economy grew by 6.7 per cent in real terms in the April-June quarter of the current financial year 2024-25. This represents a slowdown compared to ...