India’s real GDP growth is expected to slow to 6.4% in FY24-25, down from 8.2% in FY23-24, due to weaker urban demand and reduced investment activity. The central government is likely to fall short of its capital expenditure target by around Rs 1.4 trillion this fiscal year, leading to a projected budget deficit of 4.8% in FY25, which is slightly below the budgeted 4.9%.
Tata Steel Q1 updates: India production flat YoY at 5.26 million tons on plant shutdowns
Tata Steel India’s crude steel output remained flat at 5.26 million tons in Q1FY26, while deliveries fell 4% YoY due to maintenance shutdowns at Jamshedpur
July 8, 2025