The country’s GDP growth increased to 7.4% in the March quarter, know how the financial year 2024-25 was it.

Gdp growth rate: The government on Friday released important and latest figures related to the country’s GDP. India’s GDP growth rate increased to 7.4 percent on a quarterly basis in the January-March quarter of FY 2024-25. The country’s GDP growth rate was 6.2 percent in the third quarter of FY 2024-25. However, the GDP growth rate has been recorded on an annual basis. The country’s GDP growth rate was 8.4 percent in the fourth quarter of FY 2023-24. This information was given in the official data released on Friday. Let us tell you that the fourth quarter GDP figures are better than estimates, which was assessed 6.85 percent.

What was GDP growth rate in FY 2023-24

The country’s annual growth rate declined to 6.5 percent during the entire financial year 2024-25. The GDP growth rate was 9.2 percent in FY 2023-24. According to data released by the National Statistics Office (NSO), the growth rate of the growth rate in the March quarter also affected the growth rate of GDP in the entire financial year 2024-25, which reduced to 6.5 percent. The NSO had estimated the country’s growth rate at 6.5 percent for 2024-25 in its second advance estimate of national accounts. India’s largest economy was China’s growth rate of 5.4 percent in the January-March 2025 quarter.

What is estimated for financial year 2025-26

CII President Sanjeev Puri said on May 11 that India’s GDP is expected to grow at a rate of 6.5 percent in the current financial year. He had said that this number can be fundamentally achieved, as the fact is that we are starting with a properly good foundation, strong economic base. Explaining the reasons in detail, he said that interest rates have decreased in recent times and inflation is also becoming soft.

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