Key Drivers of India’s Economic Growth in Q3 FY 2024-25
India’s economy is showing signs of renewed momentum, with GDP growth reaching 6.2% in the third quarter (October-December) of FY 2024-25, according to a report by Morgan Stanley. The global financial firm stated that the latest GDP data validates its economic outlook. It confirms that India’s growth trajectory is accelerating once again. Morgan Stanley attributed this resurgence to a supportive monetary policy and declining interest rates. Increased liquidity and regulatory easing have also contributed. These factors have created a favorable environment for higher capital expenditure. They have also encouraged stronger domestic consumption. The report also highlighted that growth in service…
