Day 31
Reports & IndicesSkim2024-11-29
MoSPI Releases Q2 GDP Estimates for FY 2024-25
What Happened
The Ministry of Statistics and Programme Implementation released India's Q2 FY 2024-25 GDP data on November 29, 2024. Real GDP growth slowed to 5.4%, down from 8.1% in the same quarter last year, while nominal GDP grew by 8.1%.
Why It Matters
The sharp deceleration highlights structural stress in manufacturing and mining, signaling a potential cooling of India's economic momentum compared to previous quarters.
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