India's Q1FY25 GDP Growth: A Detailed Analysis
India's economy grew at 6.7% in the April-June quarter of FY25, lower than the 8.2% growth rate in Q1 of FY 2023-24. The latest National Statistical Office (NSO) data stated India’s gross value added or GVA grew 6.8 per cent during April-June 2024.
Gdp GrowthIndian EconomyQ1fy25Rbi ForecastDeloitte IndiaReal Estate NewsAug 30, 2024
The Reserve Bank of India's forecast was 7.1% growth in the first quarter. Analysts predicted growth in the range of 6%-7.1% for Q1 FY25, compared with 7.8% in the previous quarter (Q4 FY24). ICRA anticipated a 6% growth, while State Bank of India (SBI) and Anand Rathi Research expected a growth rate of 7.1% and 7%, respectively. Acuite Ratings & Research forecasts a 6.4% growth, and the Reserve Bank of India (RBI) also projects a 7.1% increase in GDP for the April-June 2024 quarter.
About the Reserve Bank of India (RBI) The RBI is India's central bank, responsible for regulating the country's monetary policy. The RBI plays a crucial role in maintaining the stability of the Indian economy and is headed by the Governor of the Reserve Bank of India.
About Deloitte India Deloitte India is a leading professional services firm in India, providing audit, tax, consulting, financial advisory, and risk advisory services to clients across various industries.Watch Business Today TV Managing Editor Siddharth Zarabi in conversation with Madan Sabnavis, Chief Economist, Bank of Baroda, Saugata Bhattacharya, Economist and Rumki Majumdar, Economist, Deloitte India.
Frequently Asked Questions
What is the GDP growth rate for Q1FY25?
6.7%
What is the growth rate of GVA in Q1FY25?
6.8%
What is the RBI's forecast for Q1FY25 GDP growth?
7.1%
Who are the experts featured in the Business Today TV conversation?
Madan Sabnavis, Chief Economist, Bank of Baroda, Saugata Bhattacharya, Economist and Rumki Majumdar, Economist, Deloitte India.
What is the significance of the GDP growth rate for the Indian economy?
The GDP growth rate is an indicator of the overall health and growth of the Indian economy.
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