With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc

India’s GDP growth in the first quarter of FY25 has slowed to 6.7%, still above the decade average of 6.4%. The report by SBI highlights weak performance in agriculture and services sectors as factors. Nominal GDP, however, grew by 9.7%. Annual growth projections may be revised downwards to 7.0%.

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