National Accounts Committee (NAC) approves Q1 growth for FY2024-25 and updated annual estimates for FY 2023-24.
- Despite contraction in industry (-1.03%), economy posted a growth of 0.92% during FY2024-25Q1 due to positive growth in agriculture (1.15%) and services (1.43%)
- Annual updated growth rate of GDP during FY 2023-24 stands at 2.50% as compared to 2.52% approved in previous NAC meeting
- NAC approved methodology and quarterly estimates of expenditure side of the economy from 2015-16Q1 to 2023-24Q4
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