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India's Growth Becoming More Balanced as Private Consumption's Share in GDP Rises
The Statesman Bhubaneswar
|March 03, 2025
The good news is that India's growth is becoming more balanced as private consumption's share in GDP rose in fiscal 2025, according to a Crisil report.
The mild revision of 10 basis points (bps) in the second advanced estimate to 6.5 per cent takes the expected real GDP growth this fiscal closer to the average of 6.6 per cent seen in the decade pre-pandemic.
"And this is over a sharp upward revision of 100 bps in the previous year's growth to 9.2 per cent," said Dharmakirti Joshi, Chief Economist, Crisil.
Cette histoire est tirée de l'édition March 03, 2025 de The Statesman Bhubaneswar.
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