India’s real GDP increased by 5.4 per cent in Q2 of FY25, leading to a 6 per cent growth in H1 of FY25.
Early signs of a rebound in capital formation are evident in H2 of FY25, with the Union Government’s capital expenditure on the rise.
Agricultural growth in Q2 of FY25 was supported by strong kharif production, favourable monsoon conditions, and sufficient reservoir levels.
In November 2024, inflation pressures eased to 5.5 per cent, as food and core inflation dropped.
Lower international crude oil prices positively affected domestic inflation, though high global edible oil prices remain a risk.
India increased its foreign exchange reserves by $6.4 billion during FY25 (as on13th Dec. 2024) due to stable capital inflows.
The outlook for Q3 of FY25 appears bright, as reflected in the performance of High Frequency Indicators for October and November 2024.
The Complete PDF can be accessed at: https://dea.gov.in/sites/default/files/Monthly%20Economic%20Review%20November%202024.pdf