Q2 a blip, growth to pick up again: FM
Financial Express Lucknow|December 18, 2024
The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.
FE BUREAU

She said a generalised slowdown in manufacturing is not expected, as it is restricted to a few sections.

"The government believes that the trend in Q2FY25 is only a temporary blip, and the economy will see healthy growth in the next quarters," Sitharaman told the Lok Sabha in her reply to a debate on the first supplementary demand for grants.

"Out of 23 manufacturing sectors in the index of industrial production, about half of them remain strong even now."

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