Ganesh Chandrasekaran’s Post

📈 India's GDP growth set to rise to 6.7% in H2, 2024-25, according to a JP Morgan report. 📉 Predicts full year 2024-25 GDP growth of 6.4% ⚠️ Urban consumption, export challenges need attention

India's GDP growth slowed to 5.4% in Q2, its weakest in nearly two years, mainly due to a drop in manufacturing performance. Here's what this means: 1️⃣ Election-Year Pause: Many government projects slow or stop before elections, which impacts economic growth. This was expected. 2️⃣ Market Reaction: The market had already priced in this slowdown, so the data came as no surprise. 3️⃣ Recovery Ahead: The next GDP report is likely to show improvement as government activity picks up after elections. Despite the slowdown, India remains the fastest-growing major economy, with a stronger agriculture sector (GVA at 3.5%) compared to last year. The slowdown was expected, and a rebound is likely. Patience and perspective are key. #IndiaGDP #Economy #MarketUpdate

India's GDP grew by 7.8% in the last quarter of FY24, surpassing analysts' expectations. The government now estimates the overall growth rate for FY24 to be 8.2%, according to data from MOSPI. Economic growth was expected to slow down in the January-March quarter after strong performance in the previous three months, mainly due to reduced manufacturing output and lower urban spending. Despite this, economists remain optimistic about the country's economic momentum. A survey of 54 economists predicted a median GDP growth rate of 6.7% year-on-year for the fourth quarter of FY24, down from the 8.4% growth in the October-December quarter, which had exceeded expectations. The October-December quarter's growth was driven by a significant reduction in subsidies, with the gross value added (GVA) increasing by 6.5%. For the January-March quarter, GVA growth is expected to be 6.2%.

India's GDP growth rate increases to 8.2% The Indian economy showed significant growth in the 2023–2024 financial year, which ended in March 2024. An 8.2% increase in GDP was recorded. For comparison, a year earlier the growth rate was estimated at 7%. Such data are provided in the report of the country's Ministry of Statistics, published on May 31, 2024. The filing said that real gross value added grew by 7.2% in the 2023-24 financial year, compared with a gain of 6.7% during the previous year. The increase in value was mainly driven by a 9.9% gain in the manufacturing sector, compared with a 2.2% contraction a year earlier. In addition, an increase of 7.1% was recorded in the mining industry (plus 1.9% a year earlier). Agriculture recorded an increase of 1.4% year on year. The construction industry showed positive dynamics at 9.9%.

India's Q4 GDP Data and Global Economic Trends: India's latest GDP growth figures are released against the backdrop of a global economic landscape marked by slowing growth rates, particularly due to high interest rates. According to the International Monetary Fund (IMF), the US economy is forecast to grow by 2.7% in calendar year (CY) 2024, while the Eurozone and China are expected to see growth rates of 0.8% and five percent, respectively. Despite this global slowdown, India's export share in GDP experienced a slight decline from 23.9% in FY23 to 22.7% in FY24. However, there is a positive note as Gross Fixed Capital Formation, a crucial investment indicator, witnessed an annual rise of approximately nine percent in FY24. #IndiaGDP #GlobalEconomy #EconomicTrends #InvestmentIndicator #ExportShare #GrowthRates

High-frequency indicators suggest that India’s economic growth is likely to hit a six-quarter low in #Q2FY25, with moderation especially in the manufacturing sector. Asit Ranjan Mishra #economy #india https://mybs.in/2daVCM6

🚀 India's GDP Growth Surges 🚀 Q4 Growth: India's GDP growth jumped to 7.8% in the fourth quarter of FY24, surpassing expectations. Annual Growth: The overall growth for FY24 is projected at 8.2%, showcasing robust economic performance. Sector Highlights: Manufacturing: Achieved an impressive growth of 11.6% in Q3 FY24. Construction: Grew by 9.5%, contributing significantly to the overall GDP boost. Agriculture: The sector faced a decline of 0.8% in Q3, impacted by poor monsoon conditions and El-Nino effects. Private Consumption: Increased by 3.5% in Q3, indicating stronger consumer confidence. Government Spending: Decreased by 3.2% in Q3, reflecting a shift in economic policy. Trade Performance: Both exports and imports saw a marginal decline in their GDP share during the December quarter. 🌟 Key Takeaways 🌟 India's GDP growth is driven by strong performances in manufacturing and construction sectors. Despite challenges in agriculture, the overall economic outlook remains positive. The decline in government spending and shifts in trade dynamics highlight evolving economic strategies. Link: https://lnkd.in/gUaCSRk8

India Q2 GDP Highlights – Growth Slows to 5.4% India’s GDP growth for Q2 FY2023-24 slowed to 5.4%, down from 8.1% a year ago, primarily due to weaker performance in the manufacturing sector. However, India remains the fastest-growing major economy, with China posting 4.6% growth in the same period. Key Insights: -Agriculture: GVA growth accelerated to 3.5%, driven by strong Kharif output. -Manufacturing: Slowed sharply to 2.2%, compared to 14.3% last year. -Services: Expanded by 7.1%, slightly below expectations. The first-half GDP growth stands at 6%, and the full-year projection remains at 7%, supported by robust rural demand and increased government capex. Risks like global uncertainties and import challenges could impact recovery. India's resilience continues to shine despite headwinds, with agriculture and infrastructure investments set to drive H2 growth! #GDP #IndianEconomy #EconomicGrowth #DonaldTrump #USA #China #GDPGrowth

Day - 10 Why india's quarterly GDP growth slowed down ? - What was the india's quartly GDP growth rate ? The real GDP has been estimated to grow by 6.7% in Q1 FY 2024 - 25 over the growth rate of 8.2% in Q1 FY 2023- 24 . it missed market expectations of 6.9% growth rate . In five quarter it was the slowest expansion . - What were the main reasons for slowdown of quarterly GDP growth rate 1 government spending - the government during the parliamentary elections , which contributed to the slowdown . 2 weaker consumer - the spending of the consumer was weaker than expected, particularly in rural areas , this was due to inflationary pressures . 3 Agricultural challenges - rural economy faced challenges due to uneven monsoon patern , impacting agricultural output and income levels , leading to reduced spending in rural areas - Which sector performed well and which sector struggled In Q1 FY 2024 - 25 the financial , real estate and professional services perform well and contributed significantly to the GDP . the sector that struggled was agricultural and manufacturing

Today's GDP data showcases robust economic growth with a growth rate of 8.2% for FY 2023-24 and 7.8% for Q4 of FY 2023-24. This remarkable GDP growth rate is the highest among the major economies of the world. It is worthwhile to note that the Manufacturing sector witnessed a significant growth of 9.9% in 2023-24, highlighting the success of the Modi government's efforts for the sector. Many high-frequency indicators indicate that the Indian economy continues to remain resilient and buoyant despite global challenges. India’s growth momentum will continue in the third term of PM Shri #narendramodi-led government.