India GDP growth rate: There is big news for the economy before the budget. The country’s gross domestic product (GDP) growth rate is estimated to be 6.4% in the current financial year (2024-2025). The country’s economy grew at the rate of 8.2% in the last financial year. This information has been given in the government data released on January 7, 2025.
GDP estimated to be 6.4 percent in 2024-25
Releasing the National Income Estimates for the financial year 2024-25, the National Statistical Office (NSO) said that the real GDP is expected to grow at the rate of 6.4 percent in this financial year. The provisional estimate of GDP growth for the financial year 2023-24 was said to be 8.2 percent. NSO’s GDP growth estimate for the current financial year is lower than the Reserve Bank of India’s estimate. RBI has projected GDP to grow by 6.6% in financial year 2024-25.
RBI estimate
Talking about the first quarter, the country’s growth rate was 6.7 percent. Whereas in the second quarter this growth decreased to 5.4 percent. Which no one expected. Although growth is expected to pick up in the third quarter, it is expected to be weaker than originally estimated. RBI has estimated GDP growth to be 6.6% in the financial year 2024-25. On the other hand, other organizations have also estimated India’s GDP to be below 7 percent. The special thing is that the country’s budget is going to come on 1st February. In such a situation, this estimate of NSO is very important. Apart from this, RBI policy meeting is also going to be held in the first week of February. Everyone’s eyes will be on his estimate also.
