YTD 2024 Investment Inflows Reach ~90% of 2023; FY 2025 GDP Growth Outlook Remains Strong:
India’s real GDP grew by 6.7% y-o-y for Q3 2024, largely driven by the construction and manufacturing sectors, recording a growth of 10.5% and 7.0% y-o-y, respectively. Both, consumption, and investments (gross fixed capital formation) contributed equally to the growth of the economy.
Q3 2024 recorded investment flows of INR 79.3 Bn (USD 0.95 Bn). The office sector led with 53% share, followed by Industrial sector (30% share) and the residential sector (16% share). Foreign investors maintained dominance, accounting for ~61% of total investments, with 80% of their focus directed towards the office sector.
Equity investments led with 80% share in Q3 inflows. Chennai witnessed highest quarterly investments, capturing a 54% share, followed by Mumbai (16%) and Delhi NCR (15%). YTD 2024 saw investment inflows of INR 402 Bn (USD 4.8 Bn), a 32% rise y-o-y, thereby reaching ~90% of volume recorded in full year 2023. Industrial (39%) and office (35%) sectors were prominent during YTD-24.
Q3-24 recorded total fundraising of USD 389 Mn, 63% greater than Q2-24. Total funds raised in the first nine months of 2024 amounted to USD 1.9 Bn. The quarter also recorded corporate transaction volumes of INR 50.51 Bn (USD 604 Bn), a 33% jump q-o-q and a 3.5X jump on y-o-y basis.
