GDP grows at 6.2% in Q3 2024-25, up from 5.6% in Q2
3 weeks, 5 days ago

GDP grows at 6.2% in Q3 2024-25, up from 5.6% in Q2

India Today  

India’s economy grew by 6.2% in the third quarter of the financial year 2024-25, according to data released by the National Statistics Office, Ministry of Statistics and Programme Implementation. The latest figures suggest a steady expansion of the economy, with the real GDP growth rate for the second quarter of FY 2024-25 being revised upward to 5.6%. Real GDP has observed a Growth Rate of 6.2% in Q3 of FY 2024-25," said a press release. Annual GDP estimates along with Y-o-Y growth rates For the full financial year 2023-24, India recorded a real GDP growth rate of 9.2%, marking the highest annual growth in the past 12 years, except for the exceptional rebound in 2021-22, which followed the pandemic slowdown. Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said that despite the sharp upward revisions to the last two years GDP figures, FY25 figures appear to have remained resilient- although led largely due to the upward revisions to the second quarter figures.

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