Statsguru: India's GDP growth likely to ease; demand remains weak

There is a wide difference between the gross domestic product (GDP) and gross value added (GVA) growth rates

India’s economic growth slowed in the April-June quarter of the current financial year (Q1FY25) compared to that in the fourth quarter of the previous year on a high base, according to estimates from various agencies.

The Reserve Bank of India (RBI) has predicted  7.1 per cent growth for the first quarter, higher than the estima­tes from S&P Global Market Intelligence, ICRA, Quanteco Research, CRISIL, Nomura, and CareEdge Ratings. How­ever, India Ratings and Bank of Baroda have pr­o­je­cted a higher growth rate than the RBI, while Barclays  has projected the same rate (chart 1).

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