India’s economy to rebound in upcoming quarters – FinMin

Indian Finance Minister Nirmala Sitharaman stated that the Indian economy is poised for robust growth in the upcoming quarters, attributing the recent slowdown from July-September as a temporary setback.

India’s economic growth in July-September was lower than anticipated, with a year-on-year expansion of 5.4 per cent.

“The government believes the trend in Q2 of 2024-25 is only a temporary blip and the economy will see healthy growth in next quarters,” Sitharaman said. India’s financial year runs from April to March. July-September was a tough quarter for India and global economies, according to Sitharaman.

The government is focused on reducing food inflation, especially in cases where price fluctuations are due to weather conditions. Food inflation decreased to 9.04 per cent in November from 10.87 per cent in the previous month.

Attribution: Reuters

Subediting: M. S. Salama