India's economic growth is likely to moderate to around 6% in the coming period, according to a new report by EY India. The projection highlights several drag factors, including ongoing global economic uncertainty, persistent inflationary pressures, and weakening domestic demand.
EY's analysis points to a challenging environment for the Indian economy, with external headwinds from trade disruptions and geopolitical tensions contributing to the slowdown. Domestic factors, such as elevated prices and subdued consumer spending, are also expected to weigh on growth.
The report comes amid a broader reassessment of India's economic trajectory, with other forecasters also trimming their GDP estimates. Policymakers are expected to monitor the situation closely, with potential measures to stimulate demand and support key sectors.