December, marginally below expectations but faster than in the previous quarter on the back of increased government and consumer spending, data released on Friday showed. The growth in gross domestic product was slightly lower than the 6.

December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter.

The Indian economy’s growth is expected to slow in the 2024–25 fiscal year, casting a shadow over its aspirations of becoming a developed country by 2047.

The prime minister was speaking at the post-budget webinars on MSME, Manufacturing, Exports and Nuclear Energy Missions, Regulatory, Investment and Ease of Doing Business reforms.

India’s economy has recovered its lost momentum and consumption demand may improve on the back of moderating inflation and tax relief, the Reserve Bank of India said in its monthly bulletin.

The latest data also shows the Indian economy crossed a critical psychological threshold when its quarterly nominal GDP crossed the $ 1trillion mark for the first time in a quarter

India’s economic growth in the three months to Dec rebounded on the back of arecovery in govt and consumer spending, exports and a robust farm sector, while services remained steady.Data released by National Statistical Office on Friday showed GDP grew by 6.

The cumulative growth rate of the eight core industries for April-January stood at 4.4%, significantly lower than the 7.8% growth in the previous fiscal year.

India’s economy expanded a little over 6 percent in the December quarter, official data showed Friday, marking an uptick from the previous quarter as the country prepares for the fallout of US President Donald Trump’s protectionist trade policies.