Current Affairs - Economy - Discussion

The State Bank of India (SBI) has revised India's GDP growth forecast for FY25 to 6.3%, down from earlier estimates. This adjustment reflects a slowdown in key economic sectors such as lending, manufacturing, and aggregate demand. While private consumption remains strong at 7.3%, the weakening growth in investment and the manufacturing sector contributed to this lowered projection. This revision places India's growth slightly below the National Statistical Office's forecast of 6.4%, signalling concerns about sustaining economic momentum.