Trending News
Baltic Exchange Market Report (29 November 2024)...
  Daily Exim

NEWS DETAILS

Date: 04/12/2024

Q2 growth disappointing but no threat to 6.5 pc for FY25: CEA

The second-quarter gross domestic product (GDP) growth of 5.4% is disappointing but does not signal the beginning of a trend, said Chief Economic Advisor Mr V. Anantha Nageswaran. There is no threat to the 6.5% growth target for the current financial year, he said, while calling the Q2 figure, the lowest in seven quarters, a one-off event. The Economic Survey 2023-24 had forecast 6.5-7% GDP growth for FY25. The GDP had expanded by 8.2% in FY24. Weaker expansions in manufacturing and consumption hurt the economy in Q2. However, the CEA said that consumption in rural India is holding up, and October sales of select manufactured goods in urban India did better. The agricultural and construction sectors are doing far better than last year, he added, as per a report.
 
source: Exim News Service: New Delhi, Dec. 3



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai, Gujarat and New Delhi / NCR / North India, and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 46 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.