New Delhi
India’s investment landscape is showing signs of strength, with overall investment growing by 7.5% in the April-June quarter of FY25. This suggests that the private investment cycle is gaining momentum, according to the Ministry of Finance’s economic review.
Foreign Direct Investment (FDI) saw a significant boost, with net inflows rising by 52.4% during the first four months of FY25. Gross FDI inflows increased by 23.7%, reaching USD 27.7 billion, with key sectors like manufacturing, financial services, and energy attracting the majority of investments.
India’s foreign exchange reserves reached an all-time high of USD 684 billion as of August 30, marking a USD 64 billion increase since January. These reserves are sufficient to cover more than 11 months of imports and exceed 100% of the country’s external debt.
Goods and Services Tax (GST) collections in August stood at ₹1.74 lakh crore, reflecting a 10% annual increase. Overall GST collections for 2024 have risen by 10.1% compared to the previous year.
The labor market shows positive trends, with the Employees’ Provident Fund Organization (EPFO) adding 10.5 lakh new members in July, a majority of whom are young first-time job seekers.
India’s GDP grew by 6.7% in Q1 FY25, slightly down from 8.2% in the same quarter last year. The report indicates that despite challenges, the economy remains on a robust growth trajectory.
