India's Economic Milestone: A Look at Q3 FY25 GDP Growth

In a remarkable display of economic resilience, India's Gross Domestic Product (GDP) expanded by 6.2% in the third quarter of the financial year 2024-25. This growth not only surpasses the previous quarter's 5.6% but also signals a robust recovery from the economic slowdown.

Revised Estimates Show Promise: The government's revised estimates now project a real GDP growth of 6.5% for FY 2024-25, up from initial projections. This adjustment reflects an optimistic outlook for India's economy, highlighting significant improvements across key sectors.

Sector-Wise Growth Highlights

Manufacturing, Construction, and Financial Services have emerged as the frontrunners in this economic upswing. With manufacturing achieving a 12.3% growth, construction at 10.4%, and financial, real estate, and professional services at 10.3%, the sectors collectively underscore the diversified strength of India's economy.

Per Capita Income on the Rise: The per capita income figures for 2022-23 and 2023-24 stand at ₹1,69,145 and ₹1,88,892, respectively, indicating an improving standard of living for the Indian populace.

Looking Ahead: Projections for FY 2024-25

The real GDP is projected to reach ₹187.95 lakh crore, with nominal GDP expected to grow by 9.9% to ₹331.03 lakh crore. These figures not only reflect the economy's recovery trajectory but also its potential for sustained growth in the coming years.