Textile & Apparel
Textiles
India’s GDP growth to ease to 6.5% in Q2 FY25: ICRA
Nov 21, 2024
Insights
- ICRA recently projected that India’s YoY GDP expansion will dip to 6.5 per cent in Q2 FY25 from 6.7 per cent in Q1.
- The growth in gross value added is estimated to ease to 6.6 per cent in Q2 FY25 from 6.8 per cent in Q1.
- ICRA expects a back-ended pick-up in economic activity to boost the GDP and GVA growth in H2 FY25, leading o a full-year expansion of 7 per cent and 6.8 per cent respectively.