Q4 GDP Growth Could Be Slower at 6.5-7%

Most analysts have revised FY25 growth downward

- DIPAK MONDAL @ New Delhi

The GDP growth in the fourth quarter is likely to be in the 6.5-7% range, much below the National Statistical Offices' (NSO) implicit estimate of 7.6%. In the fourth quarter of FY24, the GDP grew at 8.4%.

While rating agency ICRA has estimated the GDP growth at 6.9%, Nomura and Morgan Stanley have pegged the growth at 6.7%. SBI has been little less optimistic about the growth in the fourth quarter as it projects the GDP to grow at 6.4-6.5%.

Based on lower-than-expected Q4 estimates, most analysts have now revised the FY25 GDP growth to 6.2-6.3% against the government's estimate of 6.5%. The government will announce the Q4 GDP estimate on 30 May.