India’s economy grows 6.2% in Q3 of FY 2024-25, outlook remains positive

India’s economy registered a 6.2% growth in the third quarter of FY 2024-25, reflecting steady expansion, as per data released by the National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI). The nominal GDP growth for the same quarter stood at 9.9%, indicating strong economic momentum.

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The revised estimates for the second quarter of FY 2024-25 now place growth at 5.6%, reflecting an upward revision from previous projections. The government has projected an overall 6.5% real GDP growth for the full financial year 2024-25, reinforcing confidence in economic stability.

For FY 2023-24, India recorded an impressive 9.2% real GDP growth, making it the highest in the past 12 years, excluding the exceptional post-pandemic rebound in 2021-22. The steady trajectory signals resilience despite global economic uncertainties.

Experts suggest that the growth momentum has been supported by revised second-quarter figures, boosting overall estimates. The economy continues to exhibit strength, with the revised data painting a more optimistic picture of India’s financial health.

As the fiscal year progresses, the government's outlook remains positive, with continued expectations of stable growth. The latest figures underscore India’s economic resilience and robust expansion, keeping it among the fastest-growing major economies globally.