New Delhi, June 2 -- India's GDP growth for the January-March quarter of 2024-25 looked strong on the surface, but it hides several weaknesses, highlighted a report by Systematix Research.

The report said the growth is still mainly driven by government spending, especially on construction, while the manufacturing sector remains weak.

It said "the upside surprise in Indian 4QFY25 GDP growth makes a robust headline, but it masks underlying weaknesses. It continues to be dependent on public spending-led construction".

The report mentioned that there are many signs that the headline GDP growth may not reflect the real state of the economy.

For example, money supply grew much slower than nominal GDP, which raises questions about the accura...