India’s economy maintained robust momentum in the fiscal year 2024-25, with real GDP growth estimated at 6.5%, according to provisional figures released by the National Statistical Office (NSO) on Thursday. In the January-March quarter (Q4), growth accelerated to 7.4%, reflecting broad-based strength across key sectors.
Nominal GDP for FY25 grew by 9.8%, reaching ₹330.68 lakh crore, while real GDP stood at ₹187.97 lakh crore. In Q4, nominal GDP rose 10.8% year-on-year to ₹88.18 lakh crore, and real GDP was recorded at ₹51.35 lakh crore.
Among sectors, construction led the expansion with 9.4% annual growth and a strong 10.8% rise in Q4. ‘Public administration, defence & other services’ grew 8.9% annually, while ‘financial, real estate & professional services’ registered a 7.2% increase.
The primary sector, which had been subdued last year, bounced back with a 4.4% growth in FY25 and a sharp 5.0% increase in Q4, compared to just 0.8% in the same quarter last year.
Private consumption also picked up pace, with Private Final Consumption Expenditure (PFCE) growing by 7.2% in FY25, compared to 5.6% in the previous year. Gross Fixed Capital Formation (GFCF), a proxy for investment, expanded 7.1% for the year and 9.4% in Q4.
The latest data underscores the resilience of the Indian economy despite global uncertainties. The government will release GDP estimates for Q1 of FY26 on August 29, 2025.