India’s GDP: India’s economy increased by 6.2% in the October-December quarter (Q3Fy25) this year. This is better than 5.6% of the previous quarter (July-September). Economists and D-star experts also estimated that the gross domestic product growth rate in the third quarter would be between 6.2–6.3%, which would be possible due to improvement in government spending and urban consumption.
What do figures say?
Q3Fy25 GDP hike: 6.2% (5.6% in last quarter)
The same quarter last year (Q3Fy24): 9.5% increase
GDP hike estimates for 2024-25: 6.5%
Revised GDP hike for 2023-24: 9.2% (earlier 8.2% estimated)
The National Statistics Office (NSO) released these figures on 28 February. In its first estimate released in January 2025, the NSO had estimated the GDP growth to be 6.4% for the year 2024-25, but now it has been revised to 6.5%.
What is the reason for this growth?
Talking about this growth, the government has invested more in infrastructure and other projects. Apart from this, the purchase and expenditure capacity of people in urban areas has also increased. In addition, the service sector, which is a large part of India’s GDP, has also performed well. Due to which GDP growth can be seen.
India’s economy is gradually getting stronger.
Experts say that India’s economy is gradually getting stronger. Despite global recession and inflation, the growth rate is lower than the previous year, but it is a positive sign. The NSO has estimated the GDP growth for the year 2024-25 to be 6.5%. If the policies of the government work in the right direction and the global status remains stable then India’s economy can move further rapidly.
