Shaktikanta Das (Reserve Bank of India Governor) on Indian Gdp Growth Lowest in 5 quarters at 6.7%

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Bhubaneswar (Odisha): Shaktikanta Das (Reserve Bank of India Governor) on Indian Gdp Growth Lowest in 5 quarters at 6.7%

India Q1 FY25 GDP Data Highlights: India's gross domestic product (GDP) for the April-June quarter of fiscal 2024-25 (Q1FY25) hit a 15-month low of 6.7 per cent compared to 8.2 per cent in the year-ago period over soft government spending and low consumer spending. According to data released by the National Statistical Office (NSO) on Friday, August 30, the agriculture sector recorded a two per cent growth, down from 3.7 per cent in the June quarter.

Despite India's GDP growth hitting a five-quarter low in the first quarter of the current fiscal, India still remains the fastest-growing major economy in the world, as China's GDP growth in the April-June quarter came in at 4.7 per cent.

The expansion in 'financial, real estate and professional services' gross value added (GVA) too slowed to 7.1 per cent from 12.6 per cent in the year-ago quarter. However, the GVA in the manufacturing sector accelerated to seven per cent in the first quarter of the current fiscal compared to five per cent a year ago.



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