New Delhi, June 28 -- India's private consumption has reached its highest share in the country's GDP in two decades, underscoring strong domestic demand as a key pillar of economic growth, according to the latest monthly economic report released by the Ministry of Finance.
The report revealed that private consumption's share in nominal GDP rose from 60.2 percent in FY24 to 61.4 percent in FY25-the second-highest level recorded in the past 20 years.
On the demand side, economic growth was underpinned by three major contributors: robust private consumption, stable investment activity, and an improvement in net exports.
Private Final Consumption Expenditure (PFCE) grew by 7.2 percent in FY25, accelerating from 5.6 percent in the previous ...
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