India's Q2 FY25 GDP growth decelerates to 5.4%
In News
What Happened
Why It Matters
Background
History & Context
What Changed
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Headline Real GDP Growth: BEFORE it was 6.7 percent in Q1 FY25 and 8.1 percent in Q2 FY24; NOW it has decelerated sharply to 5.4 percent in Q2 FY25.
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Manufacturing Sector Output: BEFORE it recorded a strong 7.0 percent growth in Q1 FY25; NOW it has slowed drastically to just 2.2 percent.
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Agricultural Sector Performance: BEFORE it was struggling with sub-optimal growth of 2.0 percent in Q1 FY25; NOW it has rebounded to 3.5 percent due to favorable monsoon conditions and strong Kharif sowing.
Prelims Angle
NCERT Connection
Practice Questions
Q1
Correct Statement(s)Which of the following statements is/are correct regarding India's National Income Accounting and the Q2 FY25 GDP estimates? 1. Gross Value Added (GVA) provides a picture of economic growth from the supply side, capturing the sectoral composition of the economy. 2. The Q2 FY25 data showed a contraction in the agricultural sector, while the manufacturing sector primarily drove the overall GDP growth.