India’s economy faces a slowdown, with Q2 FY25 growth dipping to 5.4%, compared to robust growth in previous years. This year also marks the loss of Dr. Manmohan Singh, the architect of India’s 1991 economic reforms that paved the way for sustained progress.

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• Q2 FY25 GDP growth slowed to 5.4%, reflecting economic challenges.
• Growth rates in FY22 (8.7%), FY23 (7.2%), and FY24 (8.2%) exceeded expectations.
• Key drivers included public capital expenditure, investments in GCCs, and rising service exports.
• Dr. Manmohan Singh, known for the 1991 reforms, passed away, leaving a lasting legacy.
• India’s economic reforms in 1991 introduced liberalization and opened markets to global trade.
• Slower growth underscores the need for a second wave of structural reforms.
• Focus areas for reforms: manufacturing, infrastructure, and job creation.
• Global uncertainties and rising inflation add to economic pressures.
• Public and private sector investments seen as vital to revive growth momentum.