Q4FY24 GDP Update_May’24: An Impressive FY24: A Precursor for a Bumper FY25?

This Report presents India as a shining star in an improving global growth milieu. As per provisional estimates, real GDP for FY24 grew at 8.2% y/y, beating expectations. The Report delves into the reasons for the same, identifying continued efforts from the Union on capex and improving manufacturing activity as factors. It also decodes the reason for the gulf between GDP and GVA growth and hazards the same may not persist in FY25. The Report concludes with SBICAPS’s revised estimates for GDP growth for FY25.

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