India’s GDP growth for the July-September quarter fell to a gloomy 5.4 per cent, the lowest in almost a year (Q3FY23), according to data released by the National Statistics Office (NSO) on November 29. This figure is a steep decline from 8.1 per cent during the same period last year and 6.7 per cent in the April-June quarter (Q1FY25).
Economists had expected a moderation to 6.5 per cent, but the economy cratered off expectations, landing at a near two-year low. The Reserve Bank of India (RBI) governing Shaktikanta Das had pegged the growth rate for Q at 7 per cent in the last month MPC meet