India’s economy grew by 6.5% in the financial year 2024–25, the government said on Friday. According to data from the National Statistics Office (NSO), growth during the January to March (Q4) period was especially strong, with real GDP rising by 7.4%.
In comparison, Q3 (October to December) had recorded a growth of 6.2%, showing that the economy picked up pace toward the end of the year.
The nominal GDP, which does not adjust for inflation, grew by 9.8% in 2024–25. For Q4 alone, nominal growth stood at 10.8%, the data showed.
During the final quarter of the financial year, some sectors performed better than others. The construction sector topped the list with a strong 10.8% growth. This was followed by:
- Public administration, defence and other services – 8.7% growth
- Financial, real estate, and professional services – 7.8% growth
Consumer spending also went up. According to the NSO, Private Final Consumption Expenditure (PFCE), which reflects the spending by individuals, grew by 7.2% in 2024–25. This is an increase from 5.6% in the previous financial year.
With this performance, India has kept its spot as the world’s fastest-growing major economy, a title it has held in recent years.
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