Highlights:
- The GDP growth in Q1FY25 moderates to 6.7%, down from 7.8% in the last quarter and slightly below the market expectations.
- Conversely, the GVA growth came in at 6.8% in Q1FY25, higher than the 6.3% growth witnessed last quarter.
- Compared to last quarter, all major sectors have shown improvement except manufacturing and financial, real estate & professional services.
- On the expenditure front, private final consumption expenditure and investments saw a significant recovery.
- For the full fiscal year 2025, we project GDP growth to be 7%.
