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India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead
According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more
Time to invest and build capacity
As per the data released recently, the manufacturing and construction sectors grew by 1.6 per cent and 7.7 per cent, respectively, during the December quarter. However, core sector data showed growth in eight infrastructure sectors slowing down to 0.1 per cent in January from 0.2 per cent in the previous month.Read more
Let’s applaud the achievers
India is expected to become the fourth largest economy by 2026 and the third largest by 2034. The Government of India aims to make the country a $5 trillion economy by 2025.Read more