The Indian economy grew by 6.7 per cent in real terms in the April-June quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.
The Indian economy grew by 6.7 per cent in the April-June quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.
Indian stock indices settled the week's trade on a high, keeping the gains that were accumulated throughout the day intact. The indices were supported by continued buying by foreign portfolio investors.
The services sector is expected to be the primary driver of GDP growth in Q1 FY25. Despite reduced government spending ahead of the elections, which is likely to dampen growth in some service sectors, financial, real estate, and professional services are expected to have performed well.
Ahead of the official release of the first quarter GDP growth numbers for FY25 on August 30, a report by the Union Bank suggests the GDP rate to be moderated at around 6.7 per cent.
Indian economy is expected to grow at 7.0-7.1 per cent in the April-June period, the first quarter of 2024-25, SBI Research said in a report, days before the government would release official data. As a caveat, its growth forecast comes with a downward bias.
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