Expect India's GDP to moderate to 6% in FY24: CRISIL MD & CEO Amish Mehta

Amish Mehta discusses the factors behind this downgrade and road ahead for the Indian economy

Rating agency CRISIL expects a moderation in India’s gross domestic product (GDP) growth in 2023-24 (FY24), from 7 per cent growth expected earlier in its latest India Outlook Report. Its Managing Director and Chief Executive Officer AMISH MEHTA discusses the factors behind this downgrade and the road ahead for the Indian economy in conversation with Krishna Kant and Vishal Chhabria. Edited excerpts:

CRISIL now expects India’s GDP to grow by 6 per cent in FY24. This is a downgrade of about 100 basis points. Which led to this downgrade?

The Indian economy has shown resilience in the face of heightened