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.