India's FY25 Growth Forecast Revised to 6.5% Amid Weak Urban Demand
India's FY25 Growth Forecast Revised to 6.5% Amid Weak Urban Demand:
The Finance Ministry has lowered India's growth forecast for FY25 to 6.5%, citing sluggish urban consumption, while also noting the positive effects of the RBI's recent CRR cut from 4.5% to 4%.