India PIB - Tasa de crecimiento anual

The Indian GDP expanded by 5.4% from the previous year in the September quarter of 2024, slowing from the 6.7% expansion in the previous period and well below market expectations of a 6.5% increase to record the softest pace of growth since the December quarter of 2022. The drop consolidated India's softening momentum after enjoying a prolonged period of being the fastest-growing major economy in the world. The slump was largely due to lower output in manufacturing (2.2% vs 7% in the June quarter) and electricity, gas, water supply, and other utility services (3.3% vs 10.4%), driving value added from the secondary sector to slow considerably (3.9% vs 8.4%). In turn, growth was steady for the tertiary sector (7.1% vs 7.2%) and picked up for the primary sector (3% vs 2.7%), as the stronger momentum for agriculture, livestock, forestry, and fishing (3.5% vs 2%) offset a drop in construction (-0.1% vs 7.2).