It also lowered the estimate for the next financial year to 7% from 7.2% due to lower-than-expected growth in private investment and housing demand.
India's gross domestic product (GDP) rose by 5.4% year-on-year in the July-September quarter, the lowest in seven quarters. The H1FY25 growth has come in at 6%.
The lowering of the forecast for this financial year reflected a deceleration of growth in the second quarter of FY24 to 5.4% from 8.2% in the same period last fiscal, ADB said in a report.
Bu hikaye Financial Express Bengaluru dergisinin December 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Bengaluru dergisinin December 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
EY case puts spotlight on white-collar labour laws
● Decades-old laws largely focused on blue-collar workers
Pushpa 2 hits ₹1,000-crore milestone at global BO
ALLU ARJUN'S PUSHPA 2: The Rule has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.
Why international stars are pulling out of Hockey India League en masse
THE NO-SHOW
US hotels welcome Indian tourists with chai, samosa
POST-COVID BOOM
MFs, pension funds must be active in corp bond market: Setty
STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.
Credit card issuance slows in Q1: Report
THE ISSUANCE OF new credit cards in the first quarter of FY25 declined by over 34% compared to the same period last fiscal—to 4.4 million from 6.7 million—according to the latest CreditScape report by CRIF High Mark.
Sebi notifies tighter insider trading rules
WIDENING THE NET
Equirus Wealth crosses ₹10K cr in assets under management
Equirus Wealth on Wednesday said it has surpassed ₹10,000 crore in assets under management (AUM).
Prioritising inclusion in social networking
Famm Connect acts as a LinkedIn for the LGBTQ+ community
Early detection to prevent TB spread
AI-led solutions help screening for the disease
