India government taking steps to help achieve GDP growth target, official says

(Reuters) – The Indian government is taking steps to help the economy achieve the FY25 GDP growth target of 6.5%-7%, the country’s economic affairs secretary said on Monday.

The government expects growth to accelerate in the second half of the year, Ajay Seth said.

India’s economic growth slowed much more than expected in the second quarter of the financial year, hampered by weaker expansion in manufacturing and consumption, likely adding pressure on the central bank for interest rate cuts.