India’s GDP growth rate for Q1 FY25 at 6.7% surpasses decadal average: SBI

India’s GDP growth for the first quarter of FY25 has moderated to 6.7%, which is still above the average decadal Q1 growth of 6.4%. The decline is linked to weaker performances in agriculture and services sectors. Nominal GDP grew by 9.7% in Q1 FY25. The State Bank of India suggests GDP growth projections for FY25 may need adjustment to 7%.