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.
Related News Articles
Unlocking the Secrets of Badlapur's Thriving Real Estate Market with Bestpropdeal
Discover how Bestpropdeal is revolutionizing the property buying experience in Badlapur with its customer-centric approach and innovative solutions.
India's Luxury Property Market on the Rise: Mumbai and Delhi Top Global Charts
Mumbai and Delhi have emerged as top contenders in the global luxury real estate market, with significant annual price increases in prime residential properties.
315Work Avenue Expands to 1,00,000 Sq Ft Office Space at International Tech Park Pune
315Work Avenue, a new age coworking space provider, has leased additional office space of 56,000 sq ft at International Tech Park Pune, touching the milestone of 1 lakh sq ft.
Mumbai Residential Sales Hit Record High in Q3 2024
Mumbai's residential real estate market saw a significant surge in sales in Q3 2024, with 24,222 units sold, a 9% year-on-year growth, according to a report by Knight Frank India.
Godrej Properties Achieves Record-Breaking Quarterly Booking Value in Q2FY25
Godrej Properties, a leading real estate developer, has reported its highest ever quarterly booking value in Q2FY25, driven by strong sales in its Mumbai Metropolitan Region (MMR) projects, including the iconic Godrej Estate.
Mumbai SRA Projects Transform the Real Estate Sector, Providing Affordable Housing Solutions
Mumbai: SRA Projects revolutionize the real estate sector, providing much-needed housing solutions and infrastructure improvements.