India's GDP growth for Q1 FY25 stands at 6.7%, surpassing the decadal average of 6.4%. Despite this moderation from over 7% growth in the previous four quarters, the current rate reflects strong economic performance.
The State Bank of India (SBI) notes a 9.7% nominal GDP growth for the same period. However, weaker outputs in agriculture and services have contributed to the slowdown. SBI suggests that GDP projections for FY25 may need adjustment to 7% due to these factors.