Q1 GDP: Pvt consumption lifts mood
The Morning Standard|September 01, 2024
THE GDP growth slumped to a 15-month low with 6.8% real rate of growth in the first quarter of 2024-25. However, there are some reasons for hope and cheers.
DIPAK MONDAL

Private consumption growth during the quarter surged to a 2-year high of 7.4% as against 4% in the previous quarter and 5.5% in the year-ago period. Private final consumption expenditure accounted for 56.3% of GDP in the first quarter of FY25 as against 55.9% in the same quarter a year ago.

The strong growth in consumption in Q1 was seen despite an uneven monsoon and intense heat wave. As per experts, pick up in the rural demands as well as moderation in retail inflation might have worked in favour of private consumption during the period.

この記事は The Morning Standard の September 01, 2024 版に掲載されています。

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この記事は The Morning Standard の September 01, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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