India’s Q1 GDP Grows at 6.7%, Lowest in 5 Quarters
- India's Q1 GDP growth slowed to 6.7% in the first quarter of FY25, marking the lowest growth in five quarters, down from 7.8% in the previous quarter. - The 6.7% growth is broadly in line with expert estimates but falls short of the RBI's projection of 7.2% for the same period. - The slowdown has been attributed to reduced government spending, likely influenced by election activities and heatwaves. - Industrial production saw a modest increase, with growth at 5.2% compared to 4.7% in the April-June period of 2024. - Despite the slowdown, India's economy is still expected to maintain a growth rate of over 7% for the fourth consecutive year, with Moody's revising the 2024 growth forecast upward to 7.2%. Source: [India Today](https://www.indiatoday.in/business/story/india-gdp-growth-q1fy25-short-of-estimates-key-details-2590913-2024-08-30)
SurefootedSeal
Stealth
20 days ago
Mehanti
Stealth
19 days ago
BoogieMan
Stealth
20 days ago
Mehanti
Stealth
19 days ago
TalentWrangler
Stealth
20 days ago
BaatMaan
Stealth
19 days ago
Discover More
Curated from across