Morgan Stanley Cuts India’s FY25 GDP Growth to 6.3%
Posted By: Admin
Date: 2024-12-05
Morgan Stanley has revised India’s GDP growth projection for FY25 down to 6.3%, from its previous estimate of 6.7%. This downward revision comes after India’s GDP growth slowed to 5.4% in the July-September 2024 quarter, marking its lowest level since March 2023. This reflects a broader economic slowdown, driven by weaker private consumption and capital expenditure (capex), though the services sector showed resilience. Despite this dip, Morgan Stanley maintains optimism for a recovery in the latter half of FY25, expecting growth to average 6.6%, fueled by government spending, improved rural demand, and easing financial conditions.
