Textile & Apparel
Textiles
India’s GDP growth drops to 5.4% in Q2 FY25
Dec 03, 2024
Insights
- India’s GDP growth dropped to 5.4 per cent in Q2 FY25—the slowest pace of expansion in seven quarters, as sluggish urban demands dragged manufacturing activities despite an improvement in the farm sector, official data show.
- This is the third consecutive quarter of slowdown in economic growth.
- Manufacturing sector growth fell to a six-quarter low of 2.2 per cent in Q2 FY25 from 7 per cent in Q1.