Key Points
New Delhi [India], November 14 (ANI): The rural demand and government spending will be key drivers of Indias economic growth in the second half of the current financial year (October-March FY25), according to a report by ICICI Bank...
The report anticipated that the rural economy gains momentum, with the governments continued emphasis on infrastructure and welfare spending also expected to contribute positively...
After experiencing a decline for three consecutive months, non-durables reported a modest 2 per cent growth in September, mainly driven by rural demand...
In the second quarter of FY25, the Index of Industrial Production (IIP) recorded a 2.6 per cent year-on-year growth, a notable decrease from the previous quarters 6.9 per cent and significantly lower than the 7.8 per cent growth seen in Q2FY24...
Despite some signs of a slowdown in industrial growth, the reports outlook remains optimistic, as rural demand and government expenditure are expected to drive growth in the coming months..
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