PR No – 22
29th November, 2024
New Delhi
Despite deepening geo political headwinds, H1 FY25 GDP growth at 6% inspiring: PHDCCI
Agri – allied and Tertiary sectors act as major growth drivers in Q2 FY25, said the industry body PHDCCI
India’s growth at 5.4% in Q2 FY 2024-25 is inspiring, despite geopolitical challenges, said Mr. Hemant Jain, President, PHDCCI.
The sustained growth momentum in H1 FY 2024-25 is highly motivating propelling India on its journey towards Viksit Bharat@ 2047, said Mr. Hemant Jain.
Agri and allied sectors display a strong rebound with growth at 3.5% in Q2 FY 25. This is expected to give a major push to farmers’ income, adding further to agri productivity, said Mr. Jain.
With high growth at 7.1% Q2 FY 25, the tertiary sector is acting as a significant growth driver of the Indian economy, said Mr. Hemant Jain.
Trade, hotels, transport, communication and services related to broadcasting have witnessed a high growth of 6%. This will give a boost to employment creation for the growing young population, said Mr. Hemant Jain.
High private final consumption expenditure at 6% for Q2 FY 2024-25 is indicating steady consumption expansion, motivating the trade and industry, said Mr. Jain.
Boosted by recovery in Agri and allied sectors and steady growth of other sectors, India will maintain its growth trajectory in the coming quarters, he said.
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Warm Regards,
Media Division, PHDCCI