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%.

This is the slowest annual GDP growth rate since the pandemic, when it fell down to 5.8% during the financial year 2020-21.

India's GDP is projected to expand by 6.4% in the financial year 2024-25, a decline from the 8.2% growth recorded in FY24, according to government data released on Tuesday. The second quarter witnessed slower-than-anticipated growth at 5.

The Indian economy is projected to grow at 6.4% in 2024-25, down from 8.2% in the previous fiscal year, according to the National Statistical Office (NSO), which released its first advance estimates for national accounts on Tuesday.

Certificates of deposit, which reached a decadal peak of INR 4.9 trillion as of November, 2024, reflect this dynamic. While this figure surpasses the previous high of INR 4.5 trillion recorded in April 2011,