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GDP Growth in Jan-March in FY25 Looked Strong but Hides Weakness, Says Report
The Daily Guardian
|June 03, 2025
India's GDP growth for the January-March quarter of 2024-25 looked strong on the surface, but it hides several weaknesses, highlighted a report by Systematix Research.
The report said the growth is still mainly driven by government spending, especially on construction, while the manufacturing sector remains weak.
It said "the upside surprise in Indian 4QFY25 GDP growth makes a robust headline, but it masks underlying weaknesses. It continues to be dependent on public spending-led construction".
This story is from the June 03, 2025 edition of The Daily Guardian.
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