• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

India's Economic Slowdown: 5.4% Growth in Q2

user avatar

by Giorgi Kostiuk

8 months ago


India's economy expanded by 5.4% in the second fiscal quarter, below the forecasts of economists and the central bank.

Challenges in Economic Growth

India's GDP growth of 5.4% in the second quarter was 1.1% below Reuters economists' estimates and 1.4% below the central bank's forecast. The country's statistics agency reported sluggish growth in the mining and manufacturing sectors. As per CNBC, the slow economic growth may affect the country's interest rate policy. The Reserve Bank of India's Monetary Policy Committee is set to meet next month.

Predictions for 2025

Alicia Herrero, chief Asia-Pacific economist at Natixis, predicted India's economic slowdown in 2025 but ruled out a recession. She forecasted a growth of at least 6.4%, with possible lower numbers. Additionally, Herrero suggested that China might produce goods in India for local consumption to avoid tariffs.

If I were the Trump administration, I would start [looking at tariffs for] Vietnam. That’s a much more obvious case.Alicia Herrero

Inflation and Consumer Demand

The Economic Times reported persistent food inflation issues for India's central bank. The latest report also highlights a rise in core inflation. Despite consumption slowdowns, essentials sales showed double-digit growth, providing hope for demand recovery. Major companies predict this trend will continue, boosting demand for the October-December quarter.

India’s economic slowdown, with figures falling short of expectations, raises concerns. However, measures are being taken to support demand and adjust central policies, likely aiding recovery.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Top Trending Cryptos in 2023: Analyzing BlockDAG, Solana, Ethereum, and Binance Coin

chest

An overview of promising cryptocurrencies: BlockDAG, Solana, Ethereum, and Binance Coin, their technologies, and market significance.

user avatarGiorgi Kostiuk

Court Dismisses Trump's Lawsuit Against Woodward and Simon & Schuster: Implications and Details

chest

A US judge dismissed Donald Trump's lawsuit against journalist Bob Woodward, finding no established copyright interests.

user avatarGiorgi Kostiuk

Crypto Equities Boost S&P 500 Following GENIUS Act Legislation

chest

The S&P 500 reached a new height thanks to crypto stocks after the passage of the GENIUS Act, fostering regulatory clarity.

user avatarGiorgi Kostiuk

TRON Reaches $80 Billion in Stablecoin Supply with Increased Trading Volumes

chest

TRON has hit new heights, surpassing $80 billion in stablecoin supply, with network activity increasing by 93%.

user avatarGiorgi Kostiuk

Trends in Crypto: Pi Network, Binance Coin, and BlockDAG Insights

chest

Analysis of current market prices and trends for Pi Network, Binance Coin, and BlockDAG.

user avatarGiorgi Kostiuk

Crypto Assets of U.S. Officials: Amounts and Influences Revealed

chest

Revelations about Trump administration's crypto assets highlight power and regulatory changes regarding digital currencies in the U.S.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.