India's GDP growth is expected to slow to 6.8% in FY 2024-25 due to high interest rates and low fiscal impulse. The July-September quarter saw a disappointing 5.4% growth, below the RBI's 7% forecast.

The National Statistics Office has released the Q2 GDP data, showing a drop in growth to 5.4%. This is much lower than the Reserve Bank of India's yearly growth estimate of 7.2%. The economy of India appears to have slowed down during the July–September quarter,

The Q2FY25 growth in manufacturing slowed to 2.2 per cent, significantly below the 7 per cent recorded in Q1 and 14.3 per cent a year earlier