India's industrial growth expected to slow to 6.2% for FY25, with potential recovery in second half

Economy

1 year ago

News sources:

Credited from: INDIATIMES

India's industrial sector is projected to grow at a **slower rate of 6.2%** in FY25, down from **9.5%** in FY24 due to **base effects** and weak manufacturing performance in H1.
Signs of a **potential recovery** are anticipated in the second half, supported by **improved GST collections** and stable **Purchasing Managers' Indices (PMIs)**.
The **Union Budget** is expected to introduce initiatives aimed at enhancing manufacturing growth and accelerating investment cycles.
Recent data indicates **industrial production** reached a six-month high of **5.2% growth** in November 2024, driven by notable growth in manufacturing, mining, and electricity sectors.
However, year-to-date growth has moderated, indicating a need for attention on the **upcoming Union Budget** and policy announcements aimed at sustaining growth.

For more details, visit the full article at Times of India.