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ICRA: India's GDP growth to increase in QS FY25
The Business Guardian
|November 22, 2024
India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA.
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The report stated that this optimism is based on improving economic indicators and robust activity levels in various sectors. The report added that the preliminary data for November 2024 indicates a positive trend. The growth in electricity demand has picked up due to a favorable base effect, while festive season demand continues to drive an increase in vehicle registrations. It said "These trends reinforce ICRA's expectations of a pick-up in the GDP growth in QB FY2025 as compared to H1 FY2025". As per the report, several indicators related t
This story is from the November 22, 2024 edition of The Business Guardian.
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