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CareEdge Reserarch Report
The gross domestic product growth in Q1 FY25 moderates to 6.7%, down from 7.8% in the last quarter and slightly below the market expectations. Conversely, the gross value added growth came in at 6.8% in Q1 FY25, higher than the 6.3% growth witnessed last quarter.
This marks reversing of the trend observed in the previous two quarters, where the GDP-GVA gap averaged 160 basis points. Compared to last quarter, all major sectors have seen acceleration in growth except manufacturing and financial, real estate and professional services.
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