Will India’s GDP Growth Accelerate Beyond 7% This Year? Madan Sabnavis Weighs In

India's GDP growth rebounded to 6.2% in Q3 FY25, up from 5.4% in the previous quarter, driven by strong rural demand, government capex, and festive season spending. However, growth remains lower than the 8.6% recorded last year. With the full-year GDP estimate revised to 6.5%, experts, including Madan Sabnavis, Chief Economist at Bank of Baroda, weigh in on the policy outlook. Sabnavis suggests that while a 7%+ growth rate may be challenging, government strategies remain aligned with previous projections. He highlights monsoon impact on agriculture and external trade as key factors to watch.