India’s Q1 GDP Growth Slows to 6.7%: Still Leading Global Economies

Comparison with Other Economies

Still the fastest-growing major economy, surpassing China’s 4.7% growth.

Key Drivers of Slowdown

Slowdown due to reduced government spending during elections.

Sector Highlights

Manufacturing grew by 7%, agriculture by 2%.

Consumer Spending and Investment

Consumer spending up 7.4%, capital investments up 7.4%.

Future Outlook

Easing inflation and increased spending expected to boost growth.

India’s economic future remains positive with expected 6.9% growth in 2024/25.