India Q3 GDP Data FY25: GDP grows at 6.2 per cent in October-December quarter

India Q3 GDP Data FY25: GDP grows at 6.2 per cent in October-December quarter

India's economic growth decelerated to 6.2 per cent in the third quarter of 2024-25, mainly due to poor performance by the manufacturing and mining sectors.

The Indian economy recorded a growth of 6.2 per cent in the third quarter of the current fiscal (October-December 2024) against 9.5 per cent in the year-ago period, according to data released by the National Statistical Office (NSO) on Friday.

Indian economy grew at 5.6 per cent in the July-September quarter this fiscal.

The NSO, in its second advance estimate of national accounts, pegged the country's growth at 6.5 per cent for 2024-25.

Read More India enters ‘defining phase’ in electronics manufacturing as global value chains shift: ICEA

It had projected a growth of 6.4 per cent for the current fiscal in its first advance estimates released in January 2025.

Read More Home loan rates expected to fall to pandemic lows after RBI repo rate cut

The NSO also revised the GDP growth for 2023-24 to 9.2 per cent against the earlier estimate of 8.2 per cent.

Read More Delhi to host key India-Russia business forum to boost bilateral economic ties

The output of eight key infrastructure sectors rose by 4.6 per cent in January against a 4.2 per cent expansion in the same month of last year, according to official data released on Friday.

The key infrastructure sectors’ output had expanded by 4.8 per cent in December 2024.

In January this year, the production of crude oil and natural gas declined compared to the year-ago period.

Coal production rose by 4.6 per cent, steel output by 3.7 per cent and electricity generation by 1.3 per cent in January 2025 against 10.6 per cent, 9.2 per cent, and 5.7 per cent, respectively in January 2024.

However, refinery products, fertiliser, and cement output rose to 8.3 per cent, 3 per cent and 14.5 per cent in the month under review.

The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.4 per cent during April-January this fiscal. It was 7.8 per cent in the same period last fiscal.

The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP), which measures overall industrial growth.

With PTI inputs

Tags:

About The Author

Aryan Age Picture

Welcome to Aryan Age, an English newspaper that has been serving readers since 2011 from Delhi. With a loyal circulation of over 19,000, we are dedicated to providing our readers with the latest news and information, as well as insightful analysis and commentary that help them navigate the complex and rapidly changing world.

Post Comment

Comment List

Latest News

Government’s International Cooperation Scheme Expands Global Opportunities for Indian MSMEs Government’s International Cooperation Scheme Expands Global Opportunities for Indian MSMEs
The Ministry of MSME has outlined key features of its International Cooperation Scheme, offering up to 95% financial assistance for...
IndiGo says on way to operate over 1,500 flights by end of day after network reboot
ED files chargesheet against Reliance Power, 10 others in fake bank guarantee case

Live Cricket Score

Advertisement

Science & Tech

Global outage hits Cloudflare again, disrupting major websites Global outage hits Cloudflare again, disrupting major websites
Users worldwide were left grappling with widespread internet disruptions on Friday after Cloudflare — a range of internet services provider...
India's smartphone exports to US jump over 300 pc in October

Health

India needs more skilled surgeons for revision knee, hip replacement surgeries, say experts India needs more skilled surgeons for revision knee, hip replacement surgeries, say experts
With a rise in the ageing population in India and failing artificial joints, the demand for skilled surgeons for revision...
India can help tackle digital inequality, build an inclusive AI future for world: UNDP

Lifestyle

Last full moon of 2025 tonight: Margashirsha Purnima rituals for wealth and harmony Last full moon of 2025 tonight: Margashirsha Purnima rituals for wealth and harmony
Purnima, the full moon day, is of great significance in Hinduism. It is the day when Hindus pray to the...
International Cheetah Day 2025: 7 wildlife safaris around the world for big-cat lovers
crossorigin="anonymous">