ICRA estimates India's real GDP growth at 7% for April-June 2024 (Q1 FY25), a four-quarter low
GK and monthly revision
ICRA estimates India's GDP growth at four-quarter low of 7 per cent in April-June
ICRA estimates India's GDP growth at a four-quarter low of 7% for the April-June 2024 quarter, down from previous quarters. The industrial sector is projected to grow at 7.7%, with agriculture and services also showing improvement. Despite the slowdown, nominal GDP growth is expected to hit a four-year high, indicating strong price-level growth. This data is crucial for UPSC, SSC, and banking exams focusing on economic indicators, quarterly GDP trends, and sectoral performance analysis.
Source: Economic Times. This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.
Revision structure
Monthly events and exam calendar context
Static GK and one-liner notes
Quiz and mock-test revision path
Key points
Exam-ready takeaways
Industrial sector growth projected at 7.7% for Q1 FY25
Agriculture and services sectors also show improvement in Q1 FY25
Nominal GDP growth expected to reach a four-year high in Q1 FY25
Slowdown from previous quarters but nominal growth indicates strong price-level expansion
How to study
Turn news into exam marks
Revise monthly events by exam family instead of reading random updates.
Pair one-liners with mock tests so mistakes become the next revision list.
Note which exams each story matters for, and revise it again in the week before that exam.