Quote on India`s Q1 GDP Highlights by Ms. Ritu Prakash Singh, Senior Economist and Head - MSME Research, UGRO Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on India`s Q1 GDP Highlights by Ms. Ritu Prakash Singh, Senior Economist and Head - MSME Research, UGRO Capital
India's GDP growth for the quarter ending June 2024 registered at 6.7%, slightly below expectations and 1.5 percentage points lower than the same quarter last year. This slowdown is largely due to a high base effect, adverse weather conditions, and restrictions on government activities related to the Lok Sabha election. However, the underlying data remains optimistic, with significant gains in private consumption and service sector. Looking ahead, the measures introduced in the Union Budget FY25 for the MSMEs, manufacturing, and services sectors are expected to provide a substantial boost to these areas.
Link for reference - https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2050139#:~:text=Real%20GDP%20or%20GDP%20at,a%20growth%20rate%20of%206.7%25.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Perspective on GDP Data for Q1 FY24-25 by Mr. Vivek Rathi, National Director Research, Knigh...
