FY25 GDP growth may slip to 4-yr low of 6.4%: NSO's first advance estimates

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FY25 GDP growth may slip to 4-yr low of 6.4%: NSO's first advance estimates - Business Standard

Quick Summary:

However, construction, which is labour-intensive, is expected to slow in H2, with 8.6 per cent assumed growth for FY25 compared to 9.1 per cent growth in H1.

However, Gupta said the latest data did not change her view that the RBI was more likely to keep rates on hold in its February policy and start the rate-cut cycle in April next year.“The inflation rate for December is expected to print above 5 per cent because seasonal moderation in vegetable prices was not enough to offset the large build-up in prices seen over the past few months.

The First Advance Estimates of GDP have incorporated the industrial production data of an additional month (October) as well as some lead indicators until November and December, implicitly assuming 6.7 per cent GDP growth in the second half (H2) this financial year.