India’s gross domestic product (GDP) expanded 5.4 per cent in the July-September period, slower than a growth rate of 8.1 per cent recorded in the corresponding period a year ago, official data showed on Friday. The latest GDP reading fell short of many economists’ expectations.
According to a Zee Business poll of economists, the country’s GDP growth was expected to be at 6.5 per cent in the fiscal second quarter.
“Despite sluggish growth observed in Manufacturing (2.2 per cent) and Mining & Quarrying (-0.1 per cent) sectors in Q2 of FY 2024-25, real GVA in H1 (April-September) has recorded a growth rate of 6.2,” said the Ministry of Statistics & Programme Implementation.
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