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Indian economy: ICRA predicts Indian GDP to grow at 6.7% in Q4FY24, a four-quarter low

Economists predict Indias economy to grow at a four-quarter low of 6.7% in Q4FY24. The growth in 3 FY24 was 8.4%. Agricultural GVA is likely to contract for 2nd straight quarter, amid rabi output concerns. Overall GVA growth expected to ease to 5.7% in Q4, driven by industrial and services sectors. ICRA forecasts FY2024 GDP and GVA growth at 7.8% and 7.0%, respectively.
Aditi Nayar Research Outreach Chief Economist Model Code

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