India’s GDP growth slowed to 5.4% in Q2 FY25, down from 7.6% final 12 months with a fiscal deficit of Rs 7.5 trillion for April-October.
India’s Q2 GDP Growth Drops to 5.4%
India’s financial system grew at a slower tempo of 5.4% in the second quarter of FY25 as per authorities information launched on Friday, November 29. This marks a decline from the 7.6% growth throughout the identical interval final 12 months and a lower from 6.7% recorded in the primary quarter (April-June) of this fiscal 12 months. The slowdown displays challenges in sustaining the momentum from earlier intervals.
Additionally, India’s fiscal deficit for the primary seven months of the monetary 12 months (April-October) stood at 7.5 trillion rupees ($88.79 billion). This is 46.5% of the annual goal set for the 12 months ending March 2025.
The fiscal deficit measures the hole between the federal government’s complete income and expenditure, and this determine signifies how a lot of the deliberate finances has already been spent. The information highlights the continued want for balanced fiscal administration and sustained efforts to increase financial growth.
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