The GDP growth is expected to be about 6.3 per cent in the current fiscal year, a tad lower than the government's estimates of 6.4 per cent, owing to several factors such as weak demand, SBI research report said on Wednesday.

The Union government’s first advance estimates of gross domestic product (GDP) serve as the foundation for the annual budget, which will be announced on 1 February.

While a slowdown in the ongoing financial year was anticipated, the steep downward revision in GDP growth for FY25 has taken many by surprise.

After growing at 8.2% in FY24, the full year real GDP growth for FY25 is expected to dip sharply to 6.4% despite robust Kharif

Despite a low base and favourable conditions, private sector investments remain sluggish. Investment growth is estimated to decline to 6.4 per cent in the current financial year (FY25) from 9 per cent recorded in the previous year (FY24),

First advance estimates of national income to be released on January 7. The data will give policy makers a base for their projections for the Union Budget 2025-26 which will be presented on February 1.

To address the slowdown and boost jobs, the government is likely to announce measures in the upcoming Union Budget that precedes elections in Delhi

The National Statistics Office (NSO) and Ministry of Statistics and Programme Implementation (MoSPI) has announced the first advance estimates of annual GDP growth rate to 6.4% for FY25. This will be the slowest growth since the pandemic,

India's Gross Domestic Product (GDP) is expected to grow at 6.4% in FY25, the slowest pace in four years. This is a sharp decline from the previous fiscal year's growth rate of 8.2%. The government data released today indicates that this year may be the first time in four years that growth dips below the 7% mark.

India's GDP has been estimated to grow by 6.4 per cent in FY2024-25 as compared to the growth rate of 8.2 per cent in Provisional Estimate (PE) of GDP for FY2023-24".