New Delhi, Feb. 27 -- The Indian economy likely moderated to 6.2-6.3 per cent in the October-December quarter of the current fiscal (Q3FY25), driven by an uptick in buoyant rural consumption and agriculture output and an upturn in the Centre's capex and industrial activity. Weak urban consumption, along with moderation in real estate activity, will likely drag economic growth.

According to credit rating agency ICRA, India's Q3 GDP growth is pegged at 6.4 per cent in the December quarter of FY25, driven by enhanced government spending amid uneven consumption. Economists noted that consumer-focused sectors witnessed a pick-up in demand during the festive season, even as urban consumer sentiment dipped slightly, and other sectors, such as m...