India’s GDP Growth Highlights: It Slows to 5.4% in Q2 FY25

India’s Economic Growth Stumbles: Q2 GDP Slowdown

India’s economic growth has hit a roadblock. The country’s GDP growth for the second quarter of the fiscal year 2024-25 came in at a disappointing 5.4%, significantly lower than the expected 6.5%. This marked a significant slowdown from the 8.1% growth recorded in the same quarter of the previous year.

While the services sector continued to be the engine of growth, expanding by 7.1%, the manufacturing sector witnessed a modest growth of 2.2%. The mining and quarrying sector even contracted by 0.1%. Despite these sectoral performances, the real GVA managed to maintain a positive momentum, growing by 6.2% during the first half of the fiscal year.

The lower-than-expected GDP growth has raised concerns among economists and policymakers. The Reserve Bank of India (RBI) had projected a GDP growth of 7.2% for the current fiscal year, but with the recent slowdown, this forecast may need to be revised. Several private economists have already lowered their growth estimates for the year.

as Per Price Action what will Happen on 2nd december in the Market ?

The slowdown in economic growth can be attributed to various factors, including global economic uncertainties, rising interest rates, and subdued consumer spending. The government will need to take proactive measures to stimulate economic growth, such as boosting investment, promoting exports, and easing credit conditions.

Lets Discuss the Key Points for Upcoming Weeks:

As per India GDP Growth , Government said that Q2 growth is low as compared to last 7 – quarters, now india growth likely to up on the very next year. Also Inflaction is much higher than the previous target.

Market May get correct more deeper as per chart and Specially for Nifty it is more Important to take immidiate support which is 24100 and than 24200. For Bank Nifty immidiate support is 52000 & 52155.