By Admin 
India GDP Growth: India’s economy is moving rapidly. Chief Economist Kaushik Das for India, Malaysia and South Asia in Duthe Bank, Germany, believes something similar. According to a TOI report, Kaushik Das has said, India’s economy is expected to rise in the January 2025 in the January-March quarter. GDP growth is estimated to be 6.8 percent during this period.
GDP and GVA estimate
The estimate of 5.6 % GDP growth of 5.6 % recorded during the July-September 2024 quarter on 30 May and the fourth quarter GDP growth rate on May 30 shows improving GDP growth of 5.6 % during the July-September 2024 quarter and improvement in growth of 6.2 percent in the October-December period.
Regarding the actual gross value enhanced (GVA), it is estimated that it will grow at a rate of 6.5 percent in the fourth quarter of FY 2025, which is slightly behind GDP growth. Due to this difference between GDP and GVA, Kaushik Das is a strong decline of 44 percent in subsidy distribution compared to the same quarter last year.
Bloomberg also supported GDP growth
He said, due to this deficiency in subsidy, tax collection is expected to increase, which will lead to GDP growth above GVA. This estimate of Dutash Bank is according to the estimates made by Bloomberg. Bloomberg also estimated the growth of 6.8 percent for GDP and 6.4 for GVA.
However, there are changes in the quarterly result, so the final figures also surprise many times. However, Dutash Bank’s India Macroeconomic Momentum Indicator (IMMI) has also supported the estimate of 6.8 percent GDP growth. This indicator monitors five major parameters like industrial production and bank credit.
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