India's Growth Momentum To Continue In April-June Quarter Of FY25: Report
NDTV
According to a Finance Ministry report, the industrial and service sectors of the Indian economy are performing well, backed by brisk domestic demand and partially by tentative external demand.
The Indian economy closed the financial year 2023-24 strongly despite strong external headwinds, and early indications suggest that the growth momentum will continue during the current April-June quarter of 2024-25, according to a Finance Ministry report released on Friday.
"The emerging robust trends in key high-frequency indicators of growth like GST collections, e-way bills, electronic toll collections, sale of vehicles, purchasing managers' indices, and the value and number of digital transactions attest to the growing strength of the economy," the Finance Ministry said in its monthly economic review for April.
The industrial and service sectors of the Indian economy are performing well, backed by brisk domestic demand and partially by tentative external demand. This can benefit India's manufacturing firms as part of the China Plus One strategy.
