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India's Economy Booms in Q1 FY25, Startups Secure Funding, Key Appointments Made

India's economy thrives despite global uncertainty. Startups raise funds, and strategic appointments signal a positive outlook for the country.

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1 min read
This picture is clicked inside the room. In this picture, we see a table on which laptop, speaker,...
This picture is clicked inside the room. In this picture, we see a table on which laptop, speaker, monitor, keyboard, ball, mouse, scanner and papers are placed. In the left bottom of the picture, we see a table on which electronic goods are placed. Behind that, we see a wall on which charts and posters are pasted.

India's Economy Booms in Q1 FY25, Startups Secure Funding, Key Appointments Made

India's economy has shown robust growth in the first quarter of FY25, driven by private consumption and infrastructure spending. The World Bank has also revised its growth forecast for the country. Meanwhile, several startups have secured funding, and key appointments have been made to boost the entrepreneurial ecosystem.

India's Q1 FY25 GDP growth stood at 7.8% YoY, led by robust private consumption, infrastructure spending, and investment activity. Rural recovery and consumption momentum have kept the economy resilient despite global uncertainty. The World Bank has revised its growth forecast for India in FY25 to 6.5%, highlighting AI adoption, digital transformation, and trade openness as key drivers for productivity and inclusive job creation.

In the startup ecosystem, DecorTwist, a D2C home decor brand, has raised $200,000 in a Bridge Pre-Series A round to scale its offerings. Trozo, a deep-tech engagement platform for F&B, retail, and D2C brands, has secured funding with StartFresh Ventures leading the Seed round. EcoEx, a clean technology and waste management platform, has also secured USD $4 million to power its clean tech expansion.

Institutional developments include Ragini Das' appointment as Head of Startups at Google India. She will empower Indian founders with access to mentorship, tools, and capital. Imarticus Learning has launched the Imarticus School of Finance & Business, India's first institution dedicated to practical, industry-aligned finance education.

India's strong economic growth and resilience, coupled with increased funding in the startup sector and strategic appointments, signal a positive outlook for the country's economy. These developments are expected to drive further growth and innovation in the coming quarters.

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