New Delhi: The Centre expects the economy to grow at 6.5 per cent in FY25 after a dull first half of the current fiscal, driven by gain in agricultural and industrial activity, according to Finance Ministry’s Monthly Economic Review released on Wednesday.
In the review, the ministry has cited the Reserve Bank of India’s (RBI) monetary policy stance among the reasons for the slowdown in the first half of FY25.
The GDP growth rate fell to a seven-quarter low of 5.4 per cent in the July-September quarter, down from 6.7 per cent in the previous quarter.
However, the RBI kept its key rates unchanged for 11 straight monetary policy meetings despite pressure from the industry, citing inflation.
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