India’s Economic Growth Forecast

India's economic growth for 2024-25 is projected at 6.6% by the Reserve Bank of India (RBI) and 6.8% by S&P Global. While India's economy grew by 8.2% last year, the July-September quarter of 2024 saw a slowdown to 5.4%. S&P Global highlights urban consumption, infrastructure investment, and services growth as key drivers. Risks include challenges in manufacturing, weak agricultural growth, and pandemic-related financial impacts. The Monetary Policy Committee may ease rates in 2025 under new Governor Sanjay Malhotra. Strengthening infrastructure and improving job quality are essential to achieving sustained growth.