NEW DELHI (Reuters) – The Indian economy will see healthy growth in coming quarters, and the slowdown in growth from July-September was a “temporary blip”, Finance Minister Nirmala Sitharaman said on Tuesday.
India’s economic growth slowed more than expected in July-September, expanding by only 5.4% year-on-year.
“The government believes the trend in Q2 of 2024-25 is only a temporary blip and the economy will see healthy growth in next quarters,” Sitharaman said. India’s financial year runs from April to March.
July-September has been a challenging quarter for India, and most economies of the world, Sitharaman added.
The finance minister also said the government is committed to lowering food inflation where volatility in prices is weather-driven. Food inflation in November slowed down to 9.04% from 10.87% a month earlier.
(Reporting by Nikunj Ohri; Editing by Andrew Heavens and Ros Russell)
