Economy Grew 7.4% in Q4, Beat Estimates

Full-year growth for FY25 pegged at 6.5%; manufacturing slips

- Dipak Mondal @New Delhi

India's economy ended 2024-25 on a strong note, with real GDP growth accelerating to 7.4% in the fourth quarter (Q4) driven by robust performances in construction, public administration, and financial services, provisional estimates of GDP released on Friday showed.

This is, however, lower than the 8.4% growth reported in Q4 of the previous financial year, but higher than 6.4% in the third quarter of FY25, according to data released by the Ministry of Statistics and Programme Implementation.

The data surprised most analysts who had forecast the GDP growth to be below 7% in Q4.

The real GDP growth for FY25 stood at 6.5%, in line with RBI's projections. In FY24, the GDP had grown at 9.2%.