Q2 GDP expansion to be muted, FY25 growth projected at 7%: SBI

The State Bank of India predicts India's economic growth will slow to 6.5% in the second quarter of this fiscal year, but rebound to 7.2-7.3% in the third quarter. This projection, based on various consumption indicators, anticipates rural demand as a key driver of recovery, with overall GDP growth for 2024-25 estimated between 6.9-7%.