Just two days ago, the Government of India (GOI) unveiled the 2nd Advance estimate for the quarterly Gross Domestic Product (GDP) statistics, demonstrating an impressive 8.4% growth for the quarter ending December 2024 (Q3 of FY24). This document aims to dissect these figures and unearth the underlying trends within the various segments contributing to India’s GDP growth. Our objective is to go beyond the raw data, offering deeper insight into the potential risks and opportunities that these trends signify for India’s economic trajectory and future projections.
Elucidating the Patterns Within the Numbers
The forthcoming chart succinctly conveys the evolution of India’s GDP growth across the last 20 quarters:
