Construction remains a primary driver for employment in India, accounting for roughly 13 per cent of total jobs
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Based on the ongoing sowing and the bright prospects for Rabi crops, the gross value added (GVA) growth of agriculture is likely to improve to 3.2 per cent in the current financial year
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Icra estimates the YoY expansion in the services gross value added (GVA) to ease slightly to 6.5 per cent in Q1 FY25 from 6.7 per cent in Q4FY24, amidst a decidedly mixed trend in the high-frequency indicators
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While procurement may exceed the levels seen in FY2024, it will be significantly lower than the levels seen during FY2018-22
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