India’s FY25 GDP growth projected at 6.4%
08 Jan 2025
India’s Gross Domestic Product (GDP) in real terms, or at constant prices, is estimated to grow 6.4 per cent to reach Rs184.88 lakh crore in the financial year 2024-25, against the provisional estimate of Rs173.82 lakh crore for the financial year 2023-24, first advance estimate of GDP released by the National Statistics Office (NSC) showed.
Nominal GDP or GDP at current prices is estimated to grow 9.7 per cent to Rs324.11 lakh crore in FY 2024-25, against Rs295.36 lakh crore in 2023-24.
Gross value added (GVA) in real terms or at constant prices, is estimated to grow at 6.4 per cent to Rs168.91 lakh crore in the year 2024-25, against Rs158.74 lakh crore in FY 2023-24. GVA is estimated to have grown at 7.2 per cent in 2023-24.
Nominal GVA or GVA at current is estimated to grow at 9.3 per cent to reach Rs292.64 lakh crore during FY 2024-25, against Rs267.62 lakh crore in 2023-24.
GVA in agriculture and allied sector is estimated to grow at 3.8 per cent in FY 2024-25 against the 1.4 per cent GVA growth recorded in FY 2023-24.
Sectors, including construction, financial, real estate and professional services, are expected to grow at rates of 8.6 per cent and 7.3 per cent, respectively during the FY 2024-25.
Private final consumption expenditure (PFCE) at constant prices is expected to grow at 7.3 per cent during FY 2024-25 against the 4 per cent growth of the previous financial year.
Government final consumption expenditure (GFCE) at constant prices is expected to grow at 4.1 per cent against the 2.5 per cent growth of the previous financial year.
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