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- According to the Finance Ministry, the Indian economy will expand by about 6.5% in real terms during the 2024–2025 fiscal year.
- Finance Ministry’s Department of Economic Affairs said this in its monthly economic report for November.
- The estimate is in line with the RBI’s updated FY25 growth prediction of 6.6%.
- GDP growth was predicted by the July Economic Survey to be between 6.5 and 7 percent.
- The expectation for economic growth in Q3FY25 is favorable, according to the November monthly economic report from the finance ministry.
- Sales of domestic tractors and two- and three-wheelers increased significantly in October and November, indicating strong rural demand.
- A strong increase in air travel within that time frame suggests that urban demand has recovered.
- In the first half of 2024–2025, India grew by an average of 6%.
- Additionally, reduced food and core inflation in November 2024 contributed to an easing of inflationary pressures.
- Between July and September, India’s GDP growth unexpectedly dropped to a seven-quarter low of 5.4%.
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