💨 Abstract

India's economic growth is projected to slow in the July-September quarter, with a 7% growth rate instead of the previous 7.2% due to weak consumption and capital spending, attributed to heavy rains in some regions. The RBI has revised its growth projection for the September quarter. Urban demand in listed companies, particularly in the FMCG and consumer durables sectors, has shown softness.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖