Economic Indicators and Finance Ministry’s Outlook for 2024-25
- GDP growth declined
- Declined to 5.4% in Q2 2024, which is considered a mere pause and growth is likely to pick up pace in the next quarters.
- Sustained slowing of consumption demand
- particularly in urban markets, is a cause for concern. Urban India has been showing restraint in spending. Conducive festive backfire is expected in cities.
- Bank credit growth
- declined for the fifth consecutive month in November, an indication of slowing banking lending activity.
- Core infrastructure sectors
- growth was recorded at 4.3% in November. The sectors have been growing robustly, mainly in electricity, steel, and cement.
- Factory activity
- was the lowest since November and December 2024, and these months had severe challenges in terms of manufacturing output.
- GST receipts
- had their three-month low in December as economic activity went slower.
Popular Online Live Classes
Popular Bundle & Interview Guidance
