India Awaits Vital GDP Data: Second Advance Estimates to Unveil Economic Health

The National Statistics Office will come out with the Second Advance Estimates of GDP for FY2024-25 on February 28. The estimates are likely to give a clearer picture of the economic performance of India, with Q3 (October-December) data also included. Economists are hoping for a slight increase over Q2's growth of 5.4%, and are pegging Q3 growth at 6.2-6.4%. Major indicators to track are the growth rates in nominal and real GDP, per capita GDP, and the characterization of India's slowdown in growth. The data will also throw light on how rising government spending, services exports, and agriculture production affect the economy. Such numbers will prove pivotal for policy-makers and investors alike when considering India's growth path.
Source: The Economic Times