Aug 30, 2024 06:04 PM IST
India’s GDP moderates to 6.7% in Q1 2024-25, the lowest growth over five consecutive quarters
India’s Gross Domestic Product (GDP) moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday, August 30, 2024.
This is the lowest GDP growth in five consecutive quarters.
The Real GDP for the quarter is estimated to be ₹43.64 lakh crore, compared to ₹40.91 lakh crore in the first quarter of 2023-24, which is a growth rate of 6.7%.
The Nominal GDP, or GDP at Current Prices is estimated to be ₹77.31 lakh crore, compared to ₹70.50 lakh crore in the first quarter of 2023-24, a growth rate of 9.7%.
The Real GVA is estimated at ₹40.73 lakh crore, compared to ₹38.12 lakh crore in the same quarter of the previous year, which reflects an 6.8% growth rate.
Nominal GVA on the other hand is estimated at ₹70.25 lakh crore, against ₹63.96 lakh crore last year, showing a growth rate of 9.8%.
