What is Morgan Stanley's revised GDP growth forecast for India for FY25?

A)
6.3%
B)
6.7%
C)
7.1%
D)
7.6%

Correct Answer :   6.3%

Morgan Stanley has adjusted its forecast for India’s GDP growth for FY25 to 6.3%, down from an earlier projection of 6.7%.

* This revision follows a slowdown in Q2 FY25, where growth fell to 5.4%, the lowest since March 2023, due to weak private consumption and industrial performance.

* Despite these challenges, the services sector showed resilience, growing by 7.1%.

* The recovery in the second half of FY25 is expected to be supported by government spending, rural demand improvement, and easing financial conditions.

* This aligns with Morgan Stanley’s expectation of an average 6.6% growth during the latter half of FY25.

Published On : December 6, 2024