INDIA's GDP GROWTH REMAINS AT 6.7% DURING THE (APRIL-JUNE) OF FY25: SOME EXPLORATIONS
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- INDIA's GDP GROWTH REMAINS AT 6.7% DURING THE (APRIL-JUNE) OF FY25: SOME EXPLORATIONS
India’s Real GDP has been estimated to grow by 6.7% during the (Apr-June) quarter of the financial year (FY) 2024-25, which is below the RBI forecast of 7.1%. In the last year during the same period the economy grew by 8.2%. Given the current quarterly growth rate, the full-year growth is expected at around 7%. The growth rates of agriculture as well as services sector remain muted. The primary sector’s overall growth is dragged down by the dismal growth of the rural sector that shows only 2% growth rate during the Apr-June quarter of the FY25 vis-à-vis 3.7% growth in FY24. In the tertiary sector, trade, hotels, financial sector have also shown relatively inadequate growth. The growth rate in FY25 stood at only 5.7% vis-à-vis 9.7% in the FY24. The growth rate of the financial services, real estate and professional services remains at 7.1% in FY25 compared to 12.6% in FY24.