India’s Economic Growth Expected to Slow to 6.3% in FY2024-25, RBI Likely to Cut Rates for Support

India is bracing for a slowdown in economic growth, with projections indicating a drop to 6.3 per cent in FY2024-25. This dip is attributed to sluggish private investment and the looming threat of US tariffs. Despite maintaining the same pace as the previous year, experts are flagging structural concerns such as lack of job opportunities and stagnant capital expenditure. To counter these challenges, the Reserve Bank of India (RBI) is anticipated to slash interest rates in a bid to bolster growth. The focus is on reviving business sentiment and keeping inflation in check. The need of the hour is strategic policy decisions to navigate through these economic headwinds and ensure a sustainable growth trajectory for India.

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