
India’s GDP Growth Hits a Roadblock: Slows to 5.4% in Q2 FY 2024-25
India’s GDP growth rate in Q2FY2024-25 is 5.4%, slower than the previous quarter’s 6.1%, as per government data. The slowdown in growth indicates some growing challenges: low private consumption, slow exports, and the continuing impact of inflation on economic recovery. Data from the National Statistical Office (NSO) indicate that the service sector, which contributes heavily…