The Reserve Bank of India (RBI) has lowered India's GDP growth forecast for FY25 to 6.6% from 7.2%, following a weaker-than-expected 5.4% growth in Q2FY25, the lowest in seven quarters. The forecast for Q3FY25 is reduced to 6.8% from 7.4%, for Q4 to 7.2% from 7.4%, and for Q1FY26 to 6.9% from 7.3%.
