HomeNewsBusinessEconomyDespite fall India's GDP shows promising signs: Here's what's changed in Q1 in seven charts

Despite fall India's GDP shows promising signs: Here's what's changed in Q1 in seven charts

Private consumption showed signs of revival and investment remained steady despite government capex slowing down in Q1

August 30, 2024 / 19:50 IST
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What's changed with India's GDP in seven charts
What's changed with India's GDP in seven charts

India's GDP growth slowed down to a five quarter low of 6.7 percent in the first quarter, but there were many positives which brighten the prospects of further growth. Even as government consumption contracted due to election related activity and agricultural growth remained subdued, value added activity picked up. More important, private consumption showed signs of revival and investment remained steady despite government capex slowing down. Moneycontrol presents India's Q1FY25 growth story in seven charts:

GDP growth slowed down to five quarter low in Q1...

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... as government consumption contracted