India's GDP growth

India's Q2 GDP growth for FY 2024-25 slowed to 5.4%, the weakest in two years, missing market expectations of 6.5% and the RBI's 7% target. This slowdown is attributed to high borrowing costs, weak urban consumption, elevated food inflation, and weaker corporate earnings. While rural demand and government spending offer some support, external factors like global economic challenges and geopolitical uncertainties continue to weigh on growth. Experts expect the stock market to trade in a range-bound manner on December 2, 2024, following the GDP report.