India’s GDP growth slows to 5.4% in Q2FY25
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The government, the Statistics Ministry, releases GDP growth data for Q2FY25 on August 30.
Indian economy grows at 5.4 percent in the July-September quarter. It was 7.8 percent in the preceding March quarter.( Q4 FY2024)
Both private final consumption expenditure (PFCE) and gross fixed capital formation (GFCF) have fallen.
Reserve Bank of India had forecasted 7 percent for the first second quarter.
Gross Value Added(GVA) is at 5.6 percent. It was 6.8 percent in the previous quarter.
Private Final Consumption expenditure expanded at 6 percent. It was 7.5 percent in the previous quarter.
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