India’s GDP Growth to Pick Up on Improving Outlook for Private Consumption, Fixed Investments
India’s real GDP growth moderated in the first quarter of 2024-25 as capital formation slowed down even as growth in private consumption, the largest component of GDP, picked up to its highest in seven quarters.
India’s real GDP growth moderated in the first quarter of 2024-25 as capital formation slowed down even as growth in private consumption, the largest component of GDP, picked up to its highest in seven quarters.
● Private consumption, which has been a weak spot, registered a turnaround in growth
● The pace of capital formation picked up sequentially, indicating that private sector capex and household investments in real estate maintained healthy growth
● The sequential pick-up in farm sector growth helped support rural consumption
● Construction sector GVA growth rose to 10.5% YoY, sustaining the strong momentum seen over the last three years
● Going forward, GDP growth is likely to pick up helped by improving prospects of private consumption supported
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