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of <h1>India's GDP to Grow 6.5%-7% in 2024-25; Inflation Drops, Female Workforce Rises, Forex Reserves Strong.</h1> India's real GDP is projected to grow between 6.5% and 7% in 2024-25, following an 8.2% growth in FY24. The agriculture, industry, and services sectors contributed 17.7%, 27.6%, and 54.7% to the overall GVA, respectively. Manufacturing and construction grew by 9.9% each. Retail inflation declined to 5.4% in FY24. Gross Fixed Capital Formation increased by 19.8% in FY23, driven by private investment. The fiscal deficit decreased to 5.6% of GDP in FY24. Service exports reached $341.1 billion, and forex reserves covered 11 months of imports. Female labor force participation rose to 37% in 2022-23.
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