Following a contraction in Q1 FY25, India is expecting public expenditure to pick up in the remaining quarters, noted a finance ministry review, projecting a GDP growth of 6.5-7 per cent for FY25, based on the 6.7-per cent growth in Q1 FY25 and the movements in high-frequency indicators till August.
India’s export of goods has grown negligibly YoY between January and May.