India’s GDP development at 7.4% in Q4FY25, 6.5% in 2024-25
In line with NSO’s second advance estimates, the nation’s economic system was projected to develop at 6.5 per cent in 2024-25.
The Indian economic system grew by 6.5 per cent in actual phrases within the just lately concluded monetary 12 months 2024-25, in keeping with official information launched by the Ministry of Statistics and Programme Implementation on Friday. The official GDP for the January-March quarter grew at 7.4 per cent throughout the fourth quarter of the FY25.
Economic system Was Projected To Develop At 6.5%
In line with NSO’s second advance estimates, the nation’s economic system was projected to develop at 6.5 per cent in 2024-25. The Reserve Financial institution of India had projected 6.5 per cent GDP development for the fiscal 12 months 2024-25.
In 2023-24, India’s GDP grew by a powerful 9.2 per cent, persevering with to be the fastest-growing main economic system.
In line with official information, the economic system grew 8.7 per cent and seven.2 %, respectively, in 2021-22 and 2022-23.
The Ministry of Finance, in a report in March 2025, anticipated that Indian economic system would obtain a development fee of 6.5 per cent in 2024-25, regardless of appreciable exterior headwinds.
The Finance Ministry month-to-month report added that the efficiency of the economic system up to now quarters was pushed by robust agricultural and repair sector efficiency on the availability facet and a gentle improve in consumption and core merchandise and companies exports on the demand facet.
GDP at Fixed Costs
NSO additional stated that actual GDP or GDP at Fixed Costs within the fourth quarter of 2024-25 is estimated at Rs 51.35 lakh crore towards Rs 47.82 lakh crore within the year-ago quarter, registering a development fee of seven.4 per cent.
Nominal GDP in This fall of FY2024-25 is estimated at Rs 88.18 lakh crore towards Rs 79.61 lakh crore in This fall of 2023-24, displaying a development fee of 10.8 per cent.
Actual gross worth added (GVA) is estimated at Rs 171.87 lakh crore within the FY 2024-25, towards the FRE for the FY 2023-24 of Rs 161.51 lakh crore, registering a development fee of 6.4 per cent.
With PTI inputs
