New Delhi, Feb 28 (UNI) India’s gross domestic product (GDP) growth accelerated to 6.2% year-on-year in October-December quarter (Q3) of the current financial year 2024-25 from a seven-quarter low of 5.4% in the previous quarter, as per National Statistics Office (NSO) estimate released on Friday.
Indian economy is expected to grow at 6.5% in the financial year 2024-25.
“Real GDP or GDP at constant prices in Q3 of FY2024-25 is estimated at Rs 47.17 lakh crore, against Rs 44.44 lakh crore in Q3 of FY2023-24, showing a growth rate of 6.2%,” Ministry of Statistics & Programme Implementation (MoSPI) said in a press note.
Nominal GDP or GDP at current prices in Q3 of FY25 is pegged at Rs 84.74 lakh crore, against Rs 77.10 lakh crore in Q3 of FY24, showing a growth rate of 9.9%.
As per NSO, real gross value added (GVA) in Q3 of FY25 is estimated at Rs 43.13 lakh crore, against Rs 40.60 lakh crore in Q3 of FY24 thus showing a growth rate of 6.2%. Nominal GVA in Q3 of FY25 is estimated at Rs 77.06 lakh crore, against Rs 69.90 lakh crore in Q3 of FY24, showing a growth rate of 10.2%.
