India GDP Growth Remains Healthy At 6.7% In Q1 FY25: CareEdge

In terms of the sectors, the growth was supported by industries and services which expanded by 8.3% and 7.2% respectively, adds the brokerage.

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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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CareEdge GDP_Report_-_Q1FY25.pdf
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Also Read: IT Services Q1 Review - BFSI Shows Signs Of Recovery, But The Sector Is Not Out Of The Woods Yet: DRChoksey

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