18 June 2024 Punjab Khabarnama : Rating agency ICRA has forecast that the sequential revenue growth for India Inc is likely to taper in the first quarter (April-June) FY2025 amid the slowdown in government spending and uncertainty over monsoon.
“While signs of a revival in rural demand have emerged, headwinds such as a slowdown in the Government of India’s (GoI) spending during the Parliamentary elections and onset of monsoon period are likely to weigh on growth in the first half of FY2025,” ICRA said.
