Trend GDP growth is the average sustainable rate of economic growth over time.
Private consumption growth in the country has fared better than last year in the first half of the current fiscal (FY25).
"While investment growth has moderated relative to last year, its share of GDP remains higher than the pre-pandemic decade," the report mentioned.
Technical factors contributed to an above-trend GDP growth last year. They are expected to have a moderating effect on GDP growth this current fiscal as they normalise.
Esta historia es de la edición December 17, 2024 de The Statesman Siliguri.
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Esta historia es de la edición December 17, 2024 de The Statesman Siliguri.
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