India’s Q1 GDP Data Out: India’s gross domestic product (GDP) grew 6.7 per cent y-o-y during the April-June 2024 quarter (Q1 FY25) as compared with the 8.2 per cent growth recorded a year ago, according to the latest official data released on Friday, August 30.
“Real GDP has been estimated to grow by 6.7% in Q1 of FY 2024-25 over the growth rate of 8.2% in Q1 of FY 2023-24,” the finance ministry said in a statement.
According to the latest data released by the National Statistical Office (NSO), India’s gross value added or GVA, which is GDP minus net product taxes and reflects growth in supply, also grew 6.8 per cent during April-June 2024.
In the previous quarter ended March 2024, India’s real GDP had expanded at 7.8 per cent.
(The story will be updated)
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