CosmicTaco

India’s Q1 GDP Grows at 6.7%, Lowest in 5 Quarters

CosmicTaco · 2024-08-31T14:38:01.309782+05:30

- 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)

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

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Stealth9mo

Modi hai to pumpkin hai

SwirlyKoala

EY9mo

Rahul Gandhi papu hai to desh mai sab barbad hai

FuzzyNoodle

Stealth9mo

I think we should change rahul gandhi as a pm than he will stable the gdp throught allo daloge sona niklega machine

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PayTM9mo

Nothing difficult. Just change the GDP formula

WobblyWalrus

Student9mo

Change karne baad hi itna aya hai 😂😂

GigglyNugget

Stealth9mo

The result of an attempt at reorienting the Indian economic model from consumption led to China style domestic savings repression with ostensibly an aim to push manufacturing. Plus a bunch of other factors like the hawkishness of the central bank and Modi's refusal to spur demand by opening the fiscal gates.

Audacious and lofty goals. Godspeed.