RBI downgrades growth forecast amid disappointing data: APAC economist

Weak Manufacturing and GDP Numbers Challenge India’s Growth #

India’s recent manufacturing and GDP figures have taken analysts by surprise. The unexpected weakness in these sectors has highlighted the critical need for increased foreign direct investment (FDI) to boost economic activity. The current economic climate suggests that a reduction in interest rates could be imminent as a necessary measure to stimulate growth. The Reserve Bank of India (RBI) is projected to make decisions aimed at energizing the sluggish economy, encouraging both local and foreign investment to fuel development.