What was the Indian GDP growth rate for the first quarter (April-June) of the financial year 2024-25?

1.

What was the Indian GDP growth rate for the first quarter (April-June) of the financial year 2024-25?

a

6.2%

b

6.7%

c

7.1%

d

8.2%

e

7.5%

Answer & Explanation
Answer : Option B
Explanation

The Indian GDP grew by 6.7% in the first quarter (April-June) of the financial year 2024-25.

This growth rate is down from 8.2% in the first quarter of 2023-24.

The growth was below the Reserve Bank of India’s forecast of 7.1%.

It is the lowest quarterly growth in the last fifteen months.

The lowest recent GDP growth was 6.2% during January-March 2023.

The Union Ministry of Statistics and Programme Implementation released the estimate on 30 August 2024.

Economists attribute the decline to reduced government spending due to election-related restrictions.

Despite the lower growth rate, India remains the fastest-growing economy in the world.

China, the second-largest economy, grew by 4.7% in the April-June quarter.

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