India forecast annual growth of 6.4% in the year ending in March, the slowest in four years and below the lower end of government's initial projection, dragged by a weaker manufacturing sector and slower corporate investments.

Real GVA for FY 2024-25 is estimated to be INR 168.91 lakh crore, compared to INR 158.74 lakh crore in FY 2023-24, which implies a growth rate of 6.4 per cent. This is especially lower than the 7.2 percent real GVA growth achieved in the previous financial year.

India's GDP is projected to grow 6.4% in 2024-25, down from 8.2% in 2023-24, due to reduced investment, impacting fiscal and monetary policies ahead.

India's economy is expected to grow 6.4% in the current fiscal year ending March, the National Statistics Office said on Tuesday, below the initial government projection of 6.5%-7%. India has released its first advance estimates of gross domestic product (GDP),