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India Q3 GDP Data FY25: The agriculture sector grows 5.6% during Q3 FY25 vs 1.5 per cent a year ago, while the manufacturing sector slows to 3.5% against 14% recorded in the corresponding period last year.
India GDP Data 2025: India’s Q3 GDP growth data has been released.
India’s Q3 GDP Data Out: India’s gross domestic product (GDP) grew by 6.2 per cent in the third quarter ended December 2024 (Q3 FY25), according to the official data released on Friday. It is a rebound from the 5.4 per cent economic growth recorded in the previous quarter (Q2). The GDP growth for the full FY25 is estimated to growth 6.5 per cent, higher than the 6.4 per cent estimated in the first advance estimate last month.
Analysts had expected the Q3 FY25 GDP growth to rebound to 6.3 per cent on the back of higher government spending, against the 5.4 per cent in the previous quarter (Q2 FY25). The analysts gave a range of GDP growth estimate between 5.8 per cent and 6.5 per cent.
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“Real GDP or GDP at Constant Prices in Q3 of FY 2024-25 is estimated at Rs 47.17 lakh crore, against Rs 44.44 lakh crore in Q3 of FY 2023-24, showing a growth rate of 6.2 per cent,” the National Statistical Office (NSO), under the Ministry of Statistics & Programme Implementation, said in a statement.
GDP in nominal terms, which factors in inflation, grows 9.9 per cent in Q3 FY25.
According to the latest data released by the National Statistical Office (NSO), India’s gross value added or GVA, which is GDP minus net product taxes and reflects growth in supply, also grew 6.2 per cent year-on-year during October-December 2024 (Q3 FY25).
Importantly, the Q2 FY25 GDP growth has also been revised upward to 5.6 per cent, against 5.4 per cent reported earlier.
For the full FY25, the NSO said, “The growth rate of real GDP for 2024-25 is estimated as 6.5 per cent.”
Sector-Wise Q3 FY25 Growth
The agriculture sector grew 5.6 per cent during the latest December 2024 quarter, compared with 1.5 per cent a year ago.
India’s manufacturing sector slowed to 3.5 per cent, against 14 per cent recorded in the corresponding period last year.
The country’s trade, hotels, transport, communication & services related to broadcasting sector also slowed to 6.7 per cent, compared with 8 per cent a year ago.
Gross fixed capital formation (GFCF), which is an indicator of investment activity in the country, grew 5.7 per cent to Rs 15.05 lakh crore during the December 2024 quarter. GFCF accounts for 32.4 per cent of the GDP.
Private final consumption expenditure (PFCE) grew 6.9 per cent year-on-year to Rs 28.10 lakh crore in Q3 FY25. However, government final consumption expenditure (GFCE) fell 8.3 per cent YoY to Rs 3.73 lakh crore.
In the previous quarter ended September 2024 (Q2 FY25), India’s GDP had slowed to a seven-quarter low of 5.4 per cent amid weak consumption. The GDP growth had stood at 8.6 per cent in the corresponding period last year (Q3 FY24).
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February 28, 2025, 16:02 IST
News business » economy India’s Q3 GDP Grows By 6.2%; FY25 Economic Growth Pegged At 6.5% Vs 6.4% Earlier