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Date: 27/12/2024

GDP to grow by 6.5 pc in FY25, FY26 

India’s GDP is likely to grow by 6.5% in the current and the next financial year, said EY Economy Watch December 2024, attributing lower than anticipated expansion in the September quarter to a fall in private consumption expenditure and gross fixed capital formation. Real GDP growth eased to a seven-quarter low of 5.4% in July-September, the second quarter of the current 2024-25 fiscal year, compared to 6.7% in the preceding quarter. This was primarily because two domestic demand components — private final consumption expenditure and gross fixed capital formation — together accounted for a fall of 1.5 percentage points. One outstanding feature of demand is the slowdown in investment, as reflected in the growth of gross fixed capital formation. This growth is estimated at 5.4% in 2QFY25, a six-quarter low, as per a report.
 
 
Source: Exim News Service: London, Dec. 26



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