Here's a summary of the press release on the First Advance Estimates of Gross Domestic Product (GDP) for 2024-25 in India, including relevant graphs and tables. Key Highlights: Real GDP Growth: The Indian economy is estimated to grow by 6.4% in FY 2024-25, compared to the provisional estimate of 8.2% in FY 2023-24. Nominal GDP Growth: Nominal GDP (GDP at current prices) shows a growth of 9.7% in FY 2024-25, up from 9.6% in FY 2023-24. Real GVA Growth: Real Gross Value Added (GVA) is projected to grow by 6.4% in FY 2024-25, compared to 7.2% in FY 2023-24. Nominal GVA Growth: Nominal GVA has a growth rate of 9.3% in FY 2024-25, up from 8.5% in FY 2023-24. Sectoral Performance: Agriculture: Real GVA growth is estimated at 3.8%, a significant increase from 1.4% in FY 2023-24. Construction: Shows strong growth of 8.6%. Financial, Real Estate & Professional Services: Registered a growth of 7.3%. Consumption Expenditure: Private Final Consu...
Blogging about Society, individual and collective behaviour/herd mentality, nudges, economics, business, politics, sports and spirituality and on all the other subjects about which I know very little !!