India’s GDP development slowed down to a five quarter low of 6.7 percent in the first quarter, however there were numerous positives which light up the prospects of additional development. Indeed, even as government consumption contracted because of political decision related action and horticultural development stayed subdued, esteem added movement got. More significant, confidential consumption showed signs of recovery and investment stayed steady despite government capex slowing down. Moneycontrol presents India’s Q1FY25 development story in seven charts:
GDP growth slowed down to five quarter low in Q1…
… as government consumption contracted
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… and agricultural growth remained muted
But value added growth picked up…
… as private consumption showed signs of revival
Services, manufacturing and construction held steady
Investment data showed some promise