New Delhi, February 28: India’s economic growth moderated to 6.2% in the third quarter (October-December) of FY 2024-25, primarily due to a weaker performance in the manufacturing and mining sectors, according to data released by the National Statistical Office (NSO) on Friday.
This marks a sharp decline from the 9.5% growth recorded in the same quarter last year. The economy had expanded at 5.6% in the preceding quarter (July-September 2024), indicating a slight improvement in sequential growth.
In its second advance estimate, the NSO projected India’s full-year GDP growth for 2024-25 at 6.5%, a marginal upward revision from the 6.4% forecast in January 2025.
Additionally, the GDP growth for 2023-24 has been revised to 9.2%, up from the earlier estimate of 8.2%, reflecting stronger-than-expected economic activity in the previous fiscal year.
With the latest data, India’s economic trajectory remains resilient but faces headwinds from sluggish industrial performance, necessitating policy support and structural reforms to sustain growth momentum in the coming quarters.
