Driven by a slowdown in government capital expenditure and sluggish private investments, growth in infrastructure investment is expected to moderate in the current financial year (FY25) compared to FY24, according to the first advance estimates of gross domestic product (GDP) for FY25 released by the National Statistics Office (NSO) on Tuesday. However, pick up in rural spending may lead to higher overall consumption growth in FY25 compared to FY24.
NSO data shows that the share of Gross Fixed Capital Formation (GFCF), a proxy for infrastructure investment in the economy, is expected to fall to 30.1 per cent of GDP in FY25 from 30.8 per cent in FY24 in nominal terms. Meanwhile, in real terms, growth in investment demand is likely to slump to 6.4 per cent in FY25 compared to 9 per cent in the previous financial year.
This story is from the January 08, 2025 edition of Business Standard.
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This story is from the January 08, 2025 edition of Business Standard.
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