Brief by Shorts91 Newsdesk / 03:05pm on 11 Dec 2024,Wednesday India
India's economy expanded at 5.4% in Q2 2024-25, marking a seven-quarter low and falling short of the RBI's 7% projection. Inflation reached 6.2% in October, driven by rising food costs, with consumer demand and private investment remaining weak. Experts highlighted structural challenges, including a "vicious cycle" of low investment and consumption. Car sales dropped 14% in November, reflecting urban demand struggles. Finance Minister Nirmala Sitharaman dismissed fears, attributing the decline to election-cycle spending cuts. Critics urged reforms to improve exports, job creation, and income growth. Despite challenges, the government remains optimistic about India's long-term growth prospects.
