GDP Growth 2024 Live: Slowdown in economic activity shows in figures
According to Societe Generale’s India Economist Kunal Kundu, “The slowdown in India’s economic activity is finally reflected in the GDP data, despite its clear evidence in various high-frequency data due to continued decline in domestic consumption. “That said, the rising deflator is just as responsible for the markedly slower growth now, unlike last year when real GDP growth was artificially boosted by an unusually low deflator.”