Current Affairs - Economy - Discussion

India’s GDP growth rate for 2024-25 is projected at 6.4%, as per the National Statistical Office (NSO). Although this represents a slowdown from the 8.2% growth recorded in 2023-24, India continues to be the fastest-growing major economy globally. The projected growth underscores the resilience of sectors like construction, expected to grow by 8.6%, and financial services, forecasted at 7.3%. Additionally, improved private and government consumption expenditure indicates robust economic activity. The revised estimates emphasize the need for targeted policy interventions to sustain momentum in agriculture, infrastructure, and consumption-driven growth.