Brief by Shorts91NewsDesk / 11:33am on 28 Feb 2025,Friday India
India's GDP grew by 6.2% in the October-December quarter, aligning with estimates. This marks an improvement from the previous quarter's 5.8% growth. The acceleration is attributed to increased government expenditure, which rose by 8.3%, and a 6.9% year-on-year surge in private consumer spending, driven by better rural demand and festival season purchases. The gross value added (GVA), a more stable measure of economic activity, also grew by 6.2%. The government has raised its full-year growth forecast to 6.5% from 6.4%. Additionally, India's central bank implemented its first rate cut in nearly five years to further support economic growth, as inflation dropped to 4.3% in January.
