State Bank of India (SBI) has revised the forecast for India’s GDP growth to 6.3 per cent in the financial year 2024-25. The estimate is down from the National Statistical Office’s (NSO) projection of 6.

India's GDP growth for 2024-25 is projected at 6.4%, a four-year low, as per NSO data. Manufacturing growth slows to 5.3%, and services to 5.8%, while agriculture improves to 3.8%. Nominal GDP is estimated at Rs 324.

India's GDP is estimated to grow at 6.4 per cent for the financial year 2024-25, the growth is at a four year-low level: MoSPI data. Check Key Takeways from the data

The slower expansion of Asia’s third largest economy comes in the wake of higher interest rates amid elevated inflation, especially of food commodities.