New Delhi, June 9 -- The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), recently released the Provisional Estimates (PE) of Annual Gross Domestic Product (GDP) for the financial year (FY) 2024-25, along with the expenditure components used in calculating GDP at constant (2011-12) prices. Real GDP is estimated to grow by 6.5% in FY 2024-25. Among various expenditure components, Private Final Consumption Expenditure grew the most-at 7.2%-indicating that India remains a consumption-driven economy. This underscores the importance of examining the financial mechanisms that support such consumption.

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