Its earlier estimate of 7.1-7.4 per cent was given during the April review.
"Capex fell by 19.5 per cent during April-August 2024 compared to April-August 2023 due to the election code of conduct. It is expected to pick up in H2-2024-25," the review published on Friday said.
The review further noted that the rate of expansion in the economy is back to the high growth trend of 7-8 per cent observed prior to the slowdown since 2017-18. A pick up in private consumption and investment is likely to maintain the growth momentum.
This story is from the October 26, 2024 edition of Business Standard.
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This story is from the October 26, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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