India Q3 GDP Growth, Feb. 18 -- ICRA on Tuesday projected India's GDP to grow 6.4 per cent in the December quarter on account of enhanced government spending amid uneven consumption.
The Indian economy grew at 6.7 per cent in April-June, but it slowed to a seven-quarter low of 5.4 per cent in September quarter on sluggish government capital expenditure due to general elections and weak consumption demand.
ICRA Chief Economist Aditi Nayar said India's economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate government spending (Centre and state) on capital and revenue expenditure, high growth in services exports, a turnaround in merchandise exports, healthy output of major kharif crops etc, which would have buffered...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.