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Industrial Growth Likely to Slow Down to 6.2 pc for FY25
January 12, 2025
|The Business Guardian
India's industrial sector is expected to grow at a slower pace of 6.2 per cent in FY25 compared to 9.5 per cent in FY24, as per advance estimates, primarily due to the base effect and a subdued manufacturing performance in the first half, according to a Bank of Baroda report.
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However, signs of recovery are emerging for the second half, supported by improved GST collections, steady Purchasing Managers' Indices (PMIs), and increased capital expenditure.
The upcoming Union Budget is anticipated to introduce measures aimed at boosting manufacturing growth and accelerating the investment cycle, signaling optimism for the sector's revival.
India's industrial production surged to a six-month high in November 2024, registering a robust 5.2 per cent growth compared to 3.7 per cent in October, according to the Index of Industrial Production (IIP) data.
هذه القصة من طبعة January 12, 2025 من The Business Guardian.
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