India's Q2 GDP Dip a ‘Blip’, Growth Outlook Positive
Deccan ChronicleNew Delhi: Union finance minister Nirmala Sitharaman on Tuesday said the lower-than-expected gross domestic product growth of 5.4 per cent in the second quarter was a ‘temporary blip’ and the economy will see healthy growth in the coming quarters. “India’s GDP growth rate has averaged 8.3 per cent in the last three years and it is an outstanding number by global standards,” she said. “Retail inflation in April-October 2024-25 stood at 4.8 per cent, the lowest since the Covid pandemic,” she said, adding, “this shows that prices are under control despite global challenges, which include rising oil prices and disruptions in supply chains. Later, the Lok Sabha passed supplementary demands for grants, seeking approval of additional net expenditure of Rs 44,143 crore in the current fiscal, mainly on account of higher spending by agriculture, fertiliser and defence ministries.