India’s growth momentum to continue in April-March quarter of 2024-25: FinMin report

The Indian economy showcased strong performance in FY 2023-24 and is expected to maintain this momentum into the first quarter of FY 2024-25, driven by robust domestic demand and rising export orders. Key sectors like manufacturing and services are thriving, despite global uncertainties such as geopolitical tensions and volatile commodity prices.

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 The Indian economy closed the financial year 2023-24 strongly despite strong external headwinds, and early indications suggest that the growth momentum will continue during the current April-June quarter of 2024-25, according to a Finance Ministry report released on Friday. 

"The emerging robust trends in key high-frequency indicators of growth like GST collections, e-way bills, electronic toll collections, sale of vehicles, purchasing managers’ indices, and the value and number of digital transactions attest to the growing strength of the economy,” the Finance Ministry said in its monthly economic review for April.