The Indian economy is expected to grow at 6.4 per cent in 2024-25 as per the first advance estimates released by the National Statistics Office. Considering that the economy grew at 6 per cent in the first half of the year, these estimates imply that the momentum which had dipped in the second quarter — GDP growth had slumped to 5.4 per cent — is expected to pick up pace in the second half of the year, with growth likely to average around 6.7 per cent. The NSO’s estimate is marginally lower than the RBI’s revised forecast. In the last monetary policy committee meeting, the central bank had lowered its growth........

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