💨 Abstract

India's economic growth rate is projected to decline to 6.4% in 2024-25, a four-year low, due to poor performance in the manufacturing and services sectors. This is lower than the Reserve Bank's and finance ministry's earlier projections. The manufacturing sector output is expected to decelerate to 5.3% from 9.9% in the previous fiscal, while the services sector will expand at 5.8%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖