India’s Real GDP and Gross Value Added Expectations

• India’s real GDP is projected to rise by 6.4% in 2024-25, down from 8.2% in 2023-24, according to the National Statistics Office (NSO).

• The economy, which grew 6% in the first half of the year, is expected to rebound with a 6.8% increase in the second half.

• The real Gross Value Added (GVA) is expected to rise by 6.4%, compared to a 7.2% increase in 2023-24.

• Agriculture and Public Administration, Defence and Other Services are expected to see higher growth than last year.

• Manufacturing GVA growth is expected to nearly halve from 9.9% in 2023-24 to 5.3% this year.

• Gross fixed capital formation (GFCF), an indicator of fresh investments, is projected to grow at a pace of just 6.4% compared to a 9% rise in 2023-24