Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
India GDP Q2 FY25 Live: Is India's economy slowing down? Weak urban consumption and rising food prices ho...
Update / Judgement Date
29 Nov 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
India’s GDP grew at an annualized rate of 7.6% in Q2 FY25, bolstered by robust manufacturing, increased government spending, and strong private consumption. The Reserve Bank of India noted that the growth trajectory signals resilience in India’s economic fundamentals despite global uncertainties. The government emphasized strategies to sustain this momentum, including infrastructure investments and export promotion. Analysts highlighted the role of domestic demand recovery, particularly in rural and semi-urban areas, as a key growth driver. However, challenges such as inflationary pressures and slowing global trade remain concerns. The GDP data aligns with India’s long-term vision of becoming a $5 trillion economy by 2025. Policymakers are optimistic but cautious, underscoring the importance of structural reforms and fiscal discipline to maintain economic stability and growth.