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Govt targets 6.5-7% GDP growth in FY25 despite slowdown: EAS Ajay Seth India's GDP recorded a 5.4% growth in the July-September quarter, its slowest in two years The Indian government is taking steps to achieve its projected gross domestic product (GDP) growth target of 6.5 to 7 per cent for financial year 2024-25 (FY25), despite a sharper-than-expected slowdown in the second quarter (Q2), Economic Affairs Secretary Ajay Seth said on Monday, according to a report by Reuters. The government anticipates an acceleration in economic growth during the latter half of the year. India’s GDP recorded a 5.4 per cent growth in the July-September quarter, the slowest in two years, due to subdued performance in manufacturing and mining. This marked a significant decline from the 8.1 per cent recorded in the same period last year and fell short of the 6.5 per cent projection for the quarter. ©SHIRSENDU KARMAKAR #GDP_Growth_OF_India #FY25

Govt targets 6.5-7% GDP growth in FY25 despite slowdown: EAS Ajay Seth India's GDP recorded a 5.4% growth in the July-September quarter, its slowest in two years The Indian government is taking steps to achieve its projected gross domestic product (GDP) growth target of 6.5 to 7 per cent for financial year 2024-25 (FY25), despite a sharper-than-expected slowdown in the second quarter (Q2), Economic Affairs Secretary Ajay Seth said on Monday, according to a report by Reuters. The government anticipates an acceleration in economic growth during the latter half of the year. India’s GDP recorded a 5.4 per cent growth in the July-September quarter, the slowest in two years, due to subdued performance in manufacturing and mining. This marked a significant decline from the 8.1 per cent recorded in the same period last year and fell short of the 6.5 per cent projection for the quarter. ©SHIRSENDU KARMAKAR #GDP_Growth_OF_India #FY25

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Indian economy likely to register 8-8.3% growth in FY25. says PHDCCI The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of USD 21,000, it added India's economy is estimated to grow at 8-8.3 per cent in the current fiscal, industry body PHDCCI said on Wednesday. The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of $21,000, it added. "We are projecting a growth rate of 8 to 8.3 per cent for India's economy for the current financial year," PHDCCI Chief Economist SP Sharma said. Addressing a press conference, he said India's economy has robust growth fundamentals. "Gradually after 2035, the growth rate will start decelerating from the peak, and on an average, our growth rate, the real GDP (gross domestic product), will be 6.7 per cent overall in the next 23 years," Sharma noted. India's economy will attain the size of $34.7 trillion by 2047 with a per capita income of $21,000, the industry body said. ©SHIRSENDU KARMAKAR #PHDCCI #FY25 #GDP_Growth_8_8.3%

Indian economy likely to register 8-8.3% growth in FY25. says PHDCCI The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of USD 21,000, it added India's economy is estimated to grow at 8-8.3 per cent in the current fiscal, industry body PHDCCI said on Wednesday. The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of $21,000, it added. "We are projecting a growth rate of 8 to 8.3 per cent for India's economy for the current financial year," PHDCCI Chief Economist SP Sharma said. Addressing a press conference, he said India's economy has robust growth fundamentals. "Gradually after 2035, the growth rate will start decelerating from the peak, and on an average, our growth rate, the real GDP (gross domestic product), will be 6.7 per cent overall in the next 23 years," Sharma noted. India's economy will attain the size of $34.7 trillion by 2047 with a per capita income of $21,000, the industry body said. ©SHIRSENDU KARMAKAR #PHDCCI #FY25 #GDP_Growth_8_8.3%