India's real Gross Domestic Product (GDP) growth is projected to recover in the third and fourth quarters of the current financial year, driven by a rebound in domestic factors such as public consumption, investment, and strong service exports, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.
Despite a recent slowdown, the RBI report highlights that structural growth drivers in the economy remain intact, suggesting that the economy is on track for recovery in the latter half of FY 2024-25. "Real GDP growth is expected to recover in Q3 and Q4 of 2024-25," the report stated, providing optimism for the second half of the fiscal year.
