2025: The New Normal Returns 2025: The New Normal Returns https://youtu.be/k5Tz7Py5Y5I https://moneylife.in/article/2025-the-new-normal-returns/75990.html
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Jan 2, 2025
Is India settling into a 'New Normal' of economic growth? With growth stabilizing at around 5.5% to 6%, the 'new Hindu rate of growth' raises critical questions about the sustainability of economic and market performance.
the growth in Central government gross tax revenues has fallen to 10.8% in April-October FY24-25, compared to 18% in FY22-23 and 14% in FY23-24. Similarly, goods and services tax (GST) collections have slowed significantly. After a 26.2% growth in FY22-23, as the economy rebounded from COVID-19, GST collections grew by just 11.9% in FY23-24 and 9.3% in April-November FY24-25. ... In April-November FY24-25, growth in power consumption slowed to 3.9%, down from 9.7% in FY23-24. Cement production increased by only 1.8% during the same period, while fuel consumption grew by just 3.3%.