Ministry of Statistics Reports India's GDP growth At 7.4% In Q4 FY25

In the financial year 2024-25, the Indian economy displayed a robust growth of 6.5 percent in real terms, as per the data disseminated by the Ministry of Statistics and Programme Implementation. This growth momentum is notably consistent with the projections set forth by the National Statistical Office (NSO) and the Reserve Bank of India (RBI) that also anticipated a 6.5 percent upturn. The fourth quarter of FY25 saw a remarkable surge with the GDP expanding by 7.4 percent, highlighting a resilient economic trajectory.

The economy's performance in the fourth quarter was particularly impressive, with real GDP, or GDP at Constant Prices, reaching Rs 51.35 lakh crore, up from Rs 47.82 lakh crore in the corresponding quarter of the previous year. This translates to a growth rate of 7.4 percent. Meanwhile, nominal GDP for the same quarter was estimated at Rs 88.18 lakh crore, compared to Rs 79.61 lakh crore in Q4 of 2023-24, exhibiting a substantial increase of 10.8 percent. These figures underscore the economy's strong output and overall financial health during the concluding quarter of FY25.

Comparative Analysis of Economic Growth

Reflecting on the preceding years, the Indian economy has been on an upward trajectory with an impressive growth rate of 9.2 percent in 2023-24, asserting its status as the fastest-growing major economy. The growth rates for the years 2021-22 and 2022-23 were recorded at 8.7 percent and 7.2 percent respectively. This consistent growth over the years underscores India's robust economic fundamentals and its resilience amidst global challenges.

The Ministry of Finance, in its report from March 2025, had projected a growth rate of 6.5 percent for the fiscal year 2024-25. This projection was based on the strong performance of the agricultural and service sectors on the supply side, alongside a steady increase in consumption and core merchandise and services exports on the demand side. Despite facing significant external headwinds, the Indian economy managed to achieve this growth rate, showcasing the effectiveness of its economic policies and the resilience of its economic structure.

Insights into Economic Indicators

In terms of gross value added (GVA), the real GVA for FY 2024-25 was estimated at Rs 171.87 lakh crore, which represents a growth rate of 6.4 percent over the Final Revised Estimate (FRE) for FY 2023-24, which stood at Rs 161.51 lakh crore. This growth in GVA indicates a comprehensive increase in the value of goods and services produced in the country, highlighting the economy's capacity for generating wealth and contributing to the overall economic development.