NEW DELHI: India's economy is likely to grow by 6.5% in the current and the next financial year, an EY report said, attributing lower than anticipated expansion in the September quarter to a fall in private consumption expenditure and gross fixed capital formation.
Real GDP growth eased to a seven-quarter low of 5.4% in July-September—the second quarter of the current 2024-25 fiscal year.
This was compared to 6.7% in the preceding quarter.
This was primarily because two domestic demand components—private final consumption expenditure and gross fixed capital formation—together accounted for a fall of 1.5 percentage points.
هذه القصة مأخوذة من طبعة December 26, 2024 من Hindustan Times West UP.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 26, 2024 من Hindustan Times West UP.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
TN's Ulhas finding his feet in Serbian league
Just as he back-pedalled in defence, Ulhas KS took a sharp step forward to intercept a pass. He then charged up the court a few paces before delivering a pass to a teammate, who went on to score.
Arsenal Lose to 10-Man United on Penalties, Bow Out of FA Cup
Ten-man Manchester United beat Arsenal 5-3 on penalties after a dramatic 1-1 draw in the FA Cup third round, while Tottenham needed extra time before seeing off non-league Tamworth 3-0 on Sunday.
Barca smash Madrid, win Spanish Super Cup
Barcelona hammered rivals Real Madrid 5-2 in a wild Spanish Super Cup Clasico final in Saudi Arabia on Sunday to win the first trophy of the Hansi Flick era.
BCCI tells stars to play Ranji before the white-ball season
The selectors wanted Rohit Sharma and Virat Kohli to play Duleep Trophy last year too, but they excused themselves
Djokovic joins Alcaraz, Sinner but Kyrgios out
Novak Djokovic survived a scare in his quest for tennis history before joining Carlos Alcaraz and defending champion Jannik Sinner in the second round of the Australian Open on Monday.
India May Get Russian Oil For Next 2 Months
India, the world's third-largest oil importer and consumer, does not expect any disruption to Russian oil supply in the next two months as U.S.-sanctioned tankers are allowed to discharge crude until March, a senior government official said on Monday.
Inside the growing market for children's products
From educational toys to healthy snacks, consumer brands are tapping into a fast-growing opportunity in children's products, driven by modern parents' willingness to invest in high-quality, safe, and innovative offerings.
Steady GDP, rate cuts to support credit access in FY26
FITCH EXPECTS AGGREGATE SALES GROWTH FOR FITCH-RATED CORPORATES TO REMAIN LIMITED TO 1-2% IN FY26
UP Looks To Privatize Two Of Its Four Power Distribution Firms
Uttar Pradesh is looking to privatize two of its four power distribution companies, a state government tender showed, as the country's most populous state grapples with power losses and a lack of sufficient transmission infrastructure.
FHRAI Raises Concerns Over Zomato, Swiggy's 'Private Label'
The Federation of Hotel & Restaurant Associations of India (FHRAI) on Monday expressed \"serious concerns\" over Zomato and Swiggy's recent foray into the \"private label\" food delivery space, urging regulators to take \"swift action\" to address the growing worries related to data misuse, unfair competition, and food safety.
