{"id":4102,"date":"2023-09-01T16:14:00","date_gmt":"2023-09-01T10:44:00","guid":{"rendered":"http:\/\/13.235.158.174\/hfc\/?p=4102"},"modified":"2024-05-08T16:16:23","modified_gmt":"2024-05-08T10:46:23","slug":"gdp-growth-improves-to-7-8-as-services-sector-and-private-consumption-drive-growth-positive-outlook-is-retained-but-risks-remain","status":"publish","type":"post","link":"http:\/\/43.204.86.36\/hi\/gdp-growth-improves-to-7-8-as-services-sector-and-private-consumption-drive-growth-positive-outlook-is-retained-but-risks-remain\/","title":{"rendered":"GDP growth improves to 7.8% as services sector and private consumption drive growth; positive outlook is retained but risks remain"},"content":{"rendered":"<p>India&#8217;s GDP growth improved to 7.8% YoY in Q1 FY24 (Apr-Jun 2023) from 6.1% in the previous quarter. Growth was lifted by an improvement in private consumption growth which was likely due to a recovery in rural demand while investment activity remained strong. Among major sectors, services sector growth jumped owing to the stellar performance of the financial, real estate and professional services sub-sector. Industrial sector growth moderated while agriculture sector growth slowed. While we retain a positive outlook, near term risks persist due to sub-par monsoon conditions which could affect rural incomes and consequently demand in the upcoming festive season. Beyond the immediate near term, we see a slowing global economy as a continuing risk to the country&#8217;s economic outlook<\/p>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s GDP growth improved to 7.8% YoY in Q1 FY24 (Apr-Jun 2023) from 6.1% in the previous quarter. Growth was lifted by an improvement in private consumption growth which was likely due to a recovery in rural demand while investment activity remained strong. Among major sectors, services sector growth jumped owing to the stellar performance [&hellip;]<\/p>","protected":false},"author":1,"featured_media":3973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,6],"tags":[],"class_list":["post-4102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-macro-economic-monitor","category-research-reports","macro-economic-monitor","research-reports"],"acf":[],"_links":{"self":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/comments?post=4102"}],"version-history":[{"count":3,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4102\/revisions"}],"predecessor-version":[{"id":4109,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4102\/revisions\/4109"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media\/3973"}],"wp:attachment":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media?parent=4102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=4102"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=4102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}