Current Affairs - Economy - Discussion

Nomura has lowered India’s GDP growth forecast for FY25 to 6.7%, citing factors such as reduced government spending, weaker consumer demand, and declining industrial activity. The forecast reflects a cautious outlook following lower-than-expected growth in the April-June quarter. Despite the downgrade, the medium-term prospects remain optimistic, with expectations of support from easing inflation and potential fiscal stimulus. This revision contrasts with other institutions like Goldman Sachs and J.P. Morgan, which predicted 6.5% growth, highlighting differing perspectives on India's economic trajectory.