India's GDP likely grew 7% in Q2, pipping MPC's forecast of 6.5%: ICRA
India's economy likely grew at 7% in Q2, higher than the Reserve Bank of India's MPC's estimate, according to ICRA. The growth is expected to moderate in Q2 from Q1, influenced by normalizing base and erratic monsoon. The firm maintains a FY2024 GDP growth estimate at 6.0%, lower than the MPC's projection of 6.5%.
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