India’s GDP growth for the first quarter of FY25 has moderated to 6.7%, which is still above the average decadal Q1 growth of 6.4%. The decline is linked to weaker performances in agriculture and services sectors. Nominal GDP grew by 9.7% in Q1 FY25. The State Bank of India suggests GDP growth projections for FY25 may need adjustment to 7%.
Related Posts
HP signs deal with Dixon for making computers in India
HP has placed a substantial manufacturing order with Dixon Technologies for laptops and desktops, aiming to start production by April next year at Dixon’s Oragadam […]
Post Office Savings Schemes: What are the latest interest rates of Sukanya Samriddhi, PPF, SCSS, NSC & other schemes for July-Sept quarter? Check list
For the July-September 2024 quarter, the government has kept interest rates on post office savings schemes unchanged. Here are the latest interest rates of key […]
Services sector registers strongest growth in four months, boosted by rising demand and lower inflation
India’s services sector growth reached a four-month high in December due to strong demand and reduced inflationary pressures, as per an HSBC survey. The Services […]