The country's GDP growth is likely to decline to 6.5 percent in the second quarter: ICRA

India's real GDP growth is likely to decline to 6.5 percent in the July-September quarter due to heavy rains and weak corporate performance. Domestic rating agency ICRA, however, has kept the growth forecast for the entire financial year unchanged amid expectations of an uptick in economic activity in the second half of the financial year 2024-25 (October 2024-March 2025). […]