The organization emphasized that the economy will be propelled by a rise in services exports and increased public investment.
Nevertheless, it anticipates a slowdown to 6.1 percent in the fiscal year 2025, attributing this deceleration to adverse weather conditions and a deteriorating global economic outlook.
“While indicators suggest that India’s growth is stable for now, there are strong headwinds from heightened global uncertainty. In addition, the lagged impact of domestic policy tightening will continue to be felt, coupled with the disappointing dynamics of some socio-economic indicators, such as consumer goods’ sales, in rural areas,” the report said.