India's GDP Growth for Q1 FY25 at a Glance

GDP growth in the first quarter fell short of the RBI’s expectations. At 6.7 per cent, growth is still higher than the decadal average of 6.4 per cent for the first quarter.

Key Points:

Private consumption grew by a robust 12.4 per cent in current prices.
Investments also registered a healthy growth of 9.1 per cent in current prices with investment rate at 31 per cent.
Government expenditure registered a growth of 4.1 per cent, which was slower but it must be kept in mind that the kii.
Exports registered a growth of 8.4 per cent while imports slowed considerably both sequentially
On the supply side, gross value added grew by 6.8 per cent.
Core GVA, a component of private demand, also registered a growth of 7.3 per cent.
Agriculture grew by a mere 2 per cent.

Despite the low number, the Q1FY25 throws up more positive trends than what the headline estimate suggests. Demand shows a largely positive picture with all heads except valuables showing positive growth. Robust consumption data reaffirms that the rural rebound remains strong. An uptick in agricultural growth in subsequent quarters on the back of a better monsoon will provide a strong impetus.

For those who don't know about Indian Economy too much, the markets here are high influence by wedding season and monsoon.

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63 sats \ 1 reply \ @Golu 3 Sep

Exports registered a growth of 8.4 per cent while imports slowed considerably both sequentially

This is the primary signal for a country's positive growth. All others are just indicative but this is correct both in theory and in practical. India sending a lot of things, even packaged food, to the west is a big uptick in recent months.

0 sats \ 0 replies \ @Coinsreporter OP 3 Sep

I agree.

43 sats \ 1 reply \ @oliverweiss 3 Sep

I can imagine an effect of the monsoons, but weddings? Can you elaborate on this one please?🙏

154 sats \ 0 replies \ @Coinsreporter OP 3 Sep

The Big Fat Indian Wedding

An average Indian spends Rs 12 lakh, or roughly $15,000, on a wedding, which in some cases exceeds the amount spent on 18 years of a child's education. Compared globally, India's wedding spend-to-GDP ratio stands at 5x, significantly higher than several other economies.

India's wedding economy is over $130 billion in size, second only to groceries.

#600157

31 sats \ 0 replies \ @Undisciplined 4 Sep

Keep it up India! I wish our private economy were growing faster than the government.

31 sats \ 0 replies \ @IamSINGLE 4 Sep

It's a good narration how actually these little slides in growth for India are actually positively mentioned! The headlines I read were discussing about it negatively. However, nothing seems to be stopping the growth that India is running high on. It can only standstill if the Modi Government doesn't come to power the next time.

21 sats \ 0 replies \ @SatsMate 4 Sep

I love to see it. I think India is well positioned to grow significantly over the next couple decades due to rising middle class, smart tech workers and bustling free market. Keep at it!