India's Q3 GDP Growth Data FY 2024-25

The government is set to release the Gross Domestic Product (GDP) growth data for the third quarter of the current financial year. After a slowdown to a two-year low of 5.4% in the second quarter, economists are optimistic that the worst is behind us. A State Bank of India research report forecasts a 6.3% GDP growth for fiscal year 2024-25, based on initial estimates and analysis of 36 high-frequency indicators.

The NSO projections indicate real GDP growth at 6.4% and nominal GDP growth at 9.7% for 2024-25. A robust rural economy, reduced household inflation expectations, and positive trends in capital expenditure are contributing to overall stability and maintaining momentum across various sectors.

Industrial and Corporate Sector Performance

Industrial production in manufacturing has seen an uptick, and the corporate sector shows encouraging results with positive EBIDTA growth and margins. Despite global challenges, India maintained its position amongst the fastest-growing economies.

The International Monetary Fund's recent global forecast projects India's growth at 6.5% for both the current and upcoming fiscal years, supported by strong domestic demand and governmental policy measures.