31 May 2025 | 2:34PM IST India: Q1 GDP growth above expectation; strong investment growth from record public capex boost Bottom line: India's Q1 CY25 real GDP growth increased sharply to 7.4% year-over-year (yoy) from 6.4% in Q4 CY24 (revised 20bp higher), above Bloomberg consensus expectation of 6.8%. This puts fiscal year 2024-25 (FY25) growth at 6.5% yoy. From the supply side, real GVA grew by 6.8% yoy from 6.5% (revised 30bp higher). This wedge between GDP and GVA was driven by sharp net indirect taxes ...