Despite fall India's GDP shows promising signs: Here's what's changed in Q1 in seven charts
India's GDP growth slowed down to a five quarter low of 6.7 percent in the first quarter, but there were many positives which brighten the prospects of further growth. Even as government consumption contracted due to election related activity and agricultural growth remained subdued, value added activity picked up. More important, private consumption showed signs of revival and investment remained steady despite government capex slowing down. Moneycontrol presents India's Q1FY25 growth story in seven charts:
GDP growth slowed down to five quarter low in Q1...
... as government consumption contracted
... and agricultural growth remained muted
But value added growth picked up...
... as private consumption showed signs of revival
Services, manufacturing and construction held steady
Investment data showed some promise