The government has pegged the full fiscal year GDP growth at 6.5% provisionally. (AI image)
India Q4 GDP data: The Indian economy grew at a better-than-expected rate of 7.4% in the fourth quarter of FY 2024-25. The government has pegged the full fiscal year GDP growth at 6.5% provisionally. While the economy has picked up pace quarter-on-quarter, the full year GDP growth of 6.5% is a four-year low. In 2021-22 the GDP growth was 9.7%; it was 7.6% In FY 2022-23; 9.2% in FY 2023-24.India Quarterly & Annual GDP and GVA estimates
- In Q4 of FY 2024-25, the Real GDP or GDP at Constant Prices reached an estimated ₹51.35 lakh crore, showing a 7.4% increase from ₹47.82 lakh crore in Q4 of FY 2023-24. The Nominal GDP or GDP at Current Prices demonstrated a 10.8% growth, reaching ₹88.18 lakh crore in Q4 of FY 2024-25, compared to ₹79.61 lakh crore in Q4 of 2023-24.
- The overall Real GDP or GDP at Constant Prices for FY 2024-25 is projected to reach ₹187.97 lakh crore, indicating a 6.5% growth from the First Revised Estimates (FRE) of ₹176.51 lakh crore in FY 2023-24. Additionally, the Nominal GDP or GDP at Current Prices is expected to achieve ₹330.68 lakh crore in FY 2024-25, displaying a 9.8% increase from ₹301.23 lakh crore in FY 2023-24.
- The fourth quarter of FY 2024-25 shows Real GVA estimates of ₹45.76 lakh crore, compared to ₹42.86 lakh crore in the corresponding quarter of FY 2023-24, demonstrating a 6.8% increase. The Nominal GVA for Q4 FY 2024-25 stands at ₹79.46 lakh crore, whilst Q4 FY 2023-24 recorded ₹72.51 lakh crore, indicating a 9.6% growth.
- For the entire fiscal year 2024-25, Real GVA calculations reach ₹171.87 lakh crore, as opposed to the First Revised Estimates of ₹161.51 lakh crore for FY 2023-24, displaying a 6.4% growth. The Nominal GVA figures for FY 2024-25 are projected at ₹300.22 lakh crore, in comparison to ₹274.13 lakh crore in FY 2023-24, exhibiting a 9.5% increase.
Q4 GDP Growth Data: Sector-wise numbers
- The Indian economy’s Real GDP is projected to expand by 6.5% in FY 2024-25, whilst the Nominal GDP shows an increase of 9.8% during the same period. For the fourth quarter of FY 2024-25, the estimates indicate Real GDP growth of 7.4%, with Nominal GDP displaying a robust increase of 10.8%.
- The sectoral analysis reveals that ‘Construction’ leads the growth trajectory with 9.4% in FY 2024-25. This is complemented by strong performances in ‘Public Administration, Defence & Other Services’ at 8.9%, whilst ‘Financial, Real Estate & Professional Services’ registers 7.2%.
- The quarterly performance for Q4 FY 2024-25 demonstrates significant growth in ‘Construction’ at 10.8%. Additionally, ‘Public Administration, Defence & Other Services’ achieves 8.7%, whilst ‘Financial, Real Estate & Professional Services’ records 7.8% growth.
- The Primary Sector demonstrated an improved performance with a 4.4% growth rate, up from 2.7% in the preceding financial year. The sector’s growth in Q4, FY 2024-25 reached 5.0%, significantly higher than the 0.8% recorded in Q4 of the previous year.
- The Private Final Consumption Expenditure (PFCE) exhibited robust growth, achieving 7.2% in FY 2024-25, surpassing the previous financial year’s rate of 5.6%.
- The Gross Fixed Capital Formation (GFCF) displayed strong performance with a 7.1% growth rate throughout FY 2024-25, whilst achieving a notable 9.4% growth in Q4, FY 2024-25.
