The report highlighted that the real GDP growth in the first half (H1 FY25) stood at 6.0 per cent, with a projected growth of 6.5-6.8 per cent in the second half (H2).
As per report the manufacturing-led slowdown significantly impacted the overall economic performance. The industry sector's growth declined to a six-quarter low of 3.6 per cent in Q2, contributing to the subdued GDP numbers.
It said, «With 6.0 per cent real GDP growth in H1 FY25, the overall growth for full fiscal would be less than 6.5% (assuming 6.5-6.8% growth in H2). This manufacturing led slowdown gives a sketchy reading when juxtaposed against non-impulsive credit growth».
The report stated that the incremental growth in the industry sector was just Rs 42,515 crore in Q2 FY25 compared to Rs 1.4 lakh crore in the corresponding period of the previous year, marking a decline of nearly Rs 1 lakh crore in incremental terms.
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