Updated – November 29, 2024 at 09:15 PM.
Business, Finance, Economy News Live Updates: India’s GDP growth slowed to 5.4% in Q2 FY25, down from 6.7% in Q1, impacted by weak manufacturing performance. Real Gross Value Added (GVA) rose 5.6% in Q2 FY25, compared to 7.7% in the same period last year, while nominal GVA grew 8.1%, lower than FY24’s 9.3%. Core industries output increased 3.1% in October, higher than September’s 2.4%, but well below the 12.7% growth seen a year ago. Aggregate core sector output rose 4.1% during April-October FY25, significantly lower than last fiscal’s 8.8% growth. Meanwhile, NTPC aims to expand its capacity to 130 GW by 2032, boosting procurement from ₹19,075 crore in FY24 to ₹32,500 crore. This opens significant opportunities for MSMEs, which already account for over half of NTPC’s procurement. Additionally, the Centre has formalized guidelines for empty container depots to enhance their operational efficiency, recommending registration under the Shops and Establishment Act for better regulation.
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