India's GDP Slows to Seven-Quarter Low of 5.4% in Q2 2024-25: NSO
The National Statistical Office (NSO) has released its latest GDP forecast, highlighting significant economic trends and challenges for the second quarter (Q2) of FY 2024-25. Below is a detailed analysis of the report.
Quarterly Performance:
Year-on-Year Comparison:
Agriculture and Allied Activities:
Mining and Quarrying:
Manufacturing:
Construction:
Services Sector:
Public Administration, Defence, and Other Services:
Trade, Hotels, Transport, and Communication:
Financial and Professional Services:
Utilities (Electricity, Gas, and Water Supply):
Private Final Consumption Expenditure (PFCE):
Gross Fixed Capital Formation (GFCF):
Real GDP Growth:
Real GVA Growth:
Reserve Bank of India (RBI):
Finance Ministry:
NSO Data:
Aspect | Q2 FY 2024-25 | Q2 FY 2023-24 | Change |
---|---|---|---|
GDP Growth | 5.4% | 8.1% | Decline |
GVA Growth | 5.8% | 7.7% | Decline |
Agriculture GVA Growth | 3.5% | 1.7% | Improved |
Mining and Quarrying GVA Growth | -0.1% | 11.1% | Sharp Decline |
Manufacturing Growth | 2.2% | 14.3% | Sharp Decline |
Construction Growth | 7.7% | 13.6% | Decline |
Public Admin., Defence GVA Growth | 9.2% | 7.7% | Improved |
Private Consumption (PFCE) | 6.0% | 2.6% | Improved |
Gross Fixed Capital Formation (GFCF) | 5.4% | 7.5% | Decline |
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