{"id":35045,"date":"2024-11-30T04:39:00","date_gmt":"2024-11-30T04:39:00","guid":{"rendered":"https:\/\/newstimers.com\/index.php\/2024\/11\/30\/indias-second-quarter-gdp-growth-rate-declined-to-5-4-much-lower-than-the-reserve-banks-estimate-of-7\/"},"modified":"2024-11-30T04:39:00","modified_gmt":"2024-11-30T04:39:00","slug":"indias-second-quarter-gdp-growth-rate-declined-to-5-4-much-lower-than-the-reserve-banks-estimate-of-7","status":"publish","type":"post","link":"https:\/\/newstimers.com\/index.php\/2024\/11\/30\/indias-second-quarter-gdp-growth-rate-declined-to-5-4-much-lower-than-the-reserve-banks-estimate-of-7\/","title":{"rendered":"India’s second quarter GDP growth rate declined to 5.4%, much lower than the Reserve Bank’s estimate of 7%."},"content":{"rendered":"


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India’s real GDP growth in the second quarter of 2024-25 stood at 5.4%, lower than the Reserve Bank’s estimate of 7%. RBI has projected India’s GDP growth rate for 2024-25 at 7.2%, while IMF and World Bank have projected 7%. Several global rating agencies have revised India’s growth forecasts upward.<\/h2>\n
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The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25, official data from the Ministry of Statistics and Program Implementation said on Friday. Quarterly growth was well below the RBI forecast of 7 per cent.<\/p>\n<\/div>\n

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Real GDP in Q2 2024-25 is estimated at Rs 44.10 lakh crore, while in Q2 2023-24 it was Rs 41.86 lakh crore, showing a nominal growth rate of 5.4 percent.<\/p>\n<\/div>\n

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In the same quarter last year, India had grown at the rate of 8.1 percent. The Indian economy grew at 6.7 percent in the April-June quarter, lower than the RBI’s forecast of 7.1 percent. RBI has estimated India’s GDP growth rate to be 7.2 percent in 2024-25.<\/p>\n

special things <\/strong><\/h3>\n
    \n
  • IMF and World Bank have pegged it at 7.0 percent. Several global rating agencies and multilateral organizations have also revised their growth forecasts for India upward.<\/li>\n
  • The Economic Survey tabled in Parliament earlier this year had \u201cconservatively\u201d projected India\u2019s real GDP growth rate for 2024-25 at 6.5-7 per cent.<\/li>\n
  • Recognizing that market expectations are high. Real GDP growth rate is reported economic growth adjusted for inflation.<\/li>\n
  • S&P Global Ratings this Monday retained India’s GDP forecast for the current fiscal year 2024-25 at 6.8 percent, while cutting economic growth forecasts for the next two years.<\/li>\n
  • The Reserve Bank of India had said last week that the weakness seen in the Indian economy, especially in the recent quarter, has now been left behind.<\/li>\n
  • In its latest monthly bulletin, the RBI had said that the slowdown in the Indian economy in the second quarter of 2024-25 (July-September) has now been left behind as private consumption along with festive spending in October-December became the driver of domestic demand. Has been.<\/li>\n
  • RBI said that the medium term outlook remains bullish. India’s GDP grew at an impressive 8.2 per cent during fiscal year 2023-24, remaining the fastest growing major economy. The economy is expected to grow at 7.2 per cent in 2022-23 and 8.7 per cent in 2021-22.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

    India’s real GDP growth in the second quarter of 2024-25 stood at 5.4%, lower than the Reserve Bank’s estimate of 7%. RBI has projected India’s GDP growth rate for 2024-25 at 7.2%, while IMF and World Bank have projected 7%. Several global rating agencies have revised India’s growth forecasts upward. The Indian economy grew by […]<\/p>\n","protected":false},"author":1,"featured_media":35046,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img.naidunia.com\/naidunia\/ndnimg\/29112024\/29_11_2024-gdp_india_20241129_22255.jpg","fifu_image_alt":"","footnotes":""},"categories":[43785],"tags":[],"class_list":{"0":"post-35045","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nIndia's second quarter GDP growth rate declined to 5.4%, much lower than the Reserve Bank's estimate of 7%. - News Timers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newstimers.com\/index.php\/2024\/11\/30\/indias-second-quarter-gdp-growth-rate-declined-to-5-4-much-lower-than-the-reserve-banks-estimate-of-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India's second quarter GDP growth rate declined to 5.4%, much lower than the Reserve Bank's estimate of 7%. - News Timers\" \/>\n<meta property=\"og:description\" content=\"India’s real GDP growth in the second quarter of 2024-25 stood at 5.4%, lower than the Reserve Bank’s estimate of 7%. 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