Today’s Ten: Third quarter results remain modest, private sector investments dip as FM readies Budget
By Pradeep Damodaran, Pragadish Kirubakaran in Media News on Monday, 20th January 2025 at 4:10pmWith domestic demand seen waning amid a spike in inflation and input costs, investment plans by India’s private sector took a notable hit, falling 1.4 per cent in the October-December 2024 quarter (Q3) after a fleeting recovery in the second quarter (Q2) of 2024-25. The initial trend in the October-December results season shows single-digit growth in aggregate revenue and net profit for the second consecutive quarter.
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Though private investments dipped, the government capex plans registered a sharp growth, lifting overall fresh investments in the economy by 9.9 per cent in Q3 to Rs 11.46 lakh crore from an updated tally of Rs 10.43 lakh crore recorded in Q2. This rise was led by a 34.6 per cent spike in fresh investments by State governments over Q2 levels, almost...
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