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Anand Rathi Report
Q1 FY25 gross domestic product growth of 6.7% was broadly in line with the consensus of 6.8% and slightly below our projection of 7%. On the demand side, key positives included a pickup in private consumption, which rose to an eight-quarter high, while investments also accelerated.
On the external front, exports growing quicker than imports meant the drag on growth from net exports was lower this quarter. Government expenditure, both capital and revenue, remained muted due to the code of conduct measures implemented before the elections.
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