Indias GDP Grew 6.5% In 2024-25, 7.4% In This autumn: Official Data

New Delhi: As used to be broadly anticipated, the Indian economic system grew through 6.5 according to cent in actual phrases within the lately concluded monetary yr 2024-25, Ministry of Statistics and Programme Implementation’s reliable information confirmed on Friday. According to NSO’s 2nd advance estimates, the rustic’s economic system used to be projected to develop at 6.5 according to cent in 2024-25.

The Reserve Bank of India had projected 6.5 according to cent GDP expansion for the fiscal yr 2024-25. In 2023-24, India’s GDP grew through an outstanding 9.2 according to cent, proceeding to be the fastest-growing main economic system.

According to reliable information, the economic system grew 8.7 according to cent and 7.2 p.c, respectively, in 2021-22 and 2022-23. The Ministry of Finance, in a file in March 2025, expected that Indian economic system would succeed in a expansion charge of 6.5 according to cent in 2024-25, regardless of really extensive exterior headwinds.

The Finance Ministry per 30 days file added that the efficiency of the economic system up to now quarters used to be pushed through robust agricultural and repair sector efficiency at the provide facet and a gradual build up in intake and core products and services and products exports at the call for facet.

The reliable GDP expansion information for the January-March quarter used to be additionally launched nowadays. The economic system grew 7.4 according to cent throughout the quarter. During the April-June, July-September, and October-December 2024 quarters, the rustic’s economic system, in actual phrases, noticed a expansion charge of 6.7 according to cent, 5.6 according to cent, and 6.2 according to cent, respectively.

In a projection on Thursday night time, Union Minister for Commerce and Industry Piyush Goyal stated that India is ready to stay the fastest-growing huge economic system on this planet for the following 30 years. At the CII annual tournament, Minister Goyal stated the rustic has maintained a gradual expansion charge of 6-7 according to cent and goals to push it additional to 8 according to cent at consistent costs. He famous that regardless of world uncertainties, India stays one of the crucial best-performing rising markets.

This February, the World Bank stated India will wish to develop through 7.8 according to cent on reasonable over the following 22 years to succeed in its aspirations of changing into a advanced nation through 2047. However, the World Bank asserted that obtaining there will require reforms and their implementation to be as formidable as the objective itself.

To realise the imaginative and prescient of ‘Viksit Bharat’, a advanced country dream through 2047, India will wish to succeed in a expansion charge of round 8 according to cent at consistent costs, on reasonable, for approximately a decade or two, the Economic Survey file for 2024-25 tabled on January 31 asserted.

India has made slightly a turnaround, hiking the ladder of financial expansion. This can also be gauged from the 11th in 2013-14, India has located itself to change into the fourth biggest economic system. Even as India has overtaken many nations relating to the dimensions of the economic system during the last decade, the according to capita source of revenue in India stays very low.

In 2013, India used to be positioned within the league of ‘Fragile 5’ economies. The time period ‘Fragile 5’ used to be coined through a Morgan Stanley analyst and refers to a suite of 5 rising nations, together with India, whose economies weren’t doing neatly. The different 4 nations had been Brazil, Indonesia, South Africa, and Turkey.