Category : Business and economicsPublished on: January 09 2025
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The National Statistical Office (NSO) in its First Advance Estimate of GDP for 2024-25 on January 7, 2025 reported that India's real gross domestic product (GDP) is expected to grow by 6.4% this fiscal, slowing down from 8.2% in 2023-24. GDP growth slowed to 6% in the first half of this financial year.
The agriculture sector is estimated to grow at 3.8%, which is better than the previous year's 1.4% growth.
Construction sector expected to grow by 8.6% and real estate and financial services by 7.3%.
The RBI's GDP growth projection for 2024-25 is 6.6%, which is slightly higher than the government estimate.
