After strong FY24, economic growth momentum to stay in Q1FY25: FinMin
With strong growth surpassing market expectations in FY24, early indications suggest a continuation of the economic momentum in the first quarter of FY25, the monthly economic review for April 2024 by the Ministry of Finance said on Friday.
“The emerging robust trends in important high-frequency indicators of growth like the GST (goods and services tax) collections, e-way bills, electronic toll collections, sale of vehicles, purchasing managers’ indices and the value and number of digital transactions attest to the growing strength of the economy,” the review said.
The ministry in its report said government initiatives, including the open market sales, monitoring of stocks, import of pulses, and export restrictions were expected to help stabilise food prices.
