Perspective on GDP Data for Q1 FY24-25 by Mr. Vivek Rathi, National Director Research, Knight Frank India
Below the Perspective on GDP Data for Q1 FY24-25 by Mr. Vivek Rathi, National Director Research, Knight Frank India
“The Indian economy posted a GDP growth of 6.7% in Q1 FY25, the lowest in the past five quarters. However, the momentum in the real estate and infrastructure industries has sustained and is reflected in the 10.5% growth seen in the construction sector. Private final consumption expenditure also rebounded after a lull of six quarters, by 7.4% during Q1 FY 2025. However, the 0.2% drop in Governments final consumption expenditure due to this being an election quarter, weighed down overall growth.While the GDP growth has fallen short of expectations during the quarter, strength in consumption and investments provide a continued confidence and optimistic economic outlook for the Indian economy.”
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