Economy Picks Up Pace With 6.2% Growth in Q3

The govt now pegs full-year GDP growth at 6.5%, up from initial 6.4% estimate

- Reuters

NEW DELHI: India's economy expanded by 6.2% in October-December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter.

A stronger rural economy also bolstered the world's fifth-largest economy in the final quarter of 2024, but manufacturing growth remained subdued and the overall rise in gross domestic product (GDP) was well below peak quarterly growth rates seen in the three years after the pandemic.

"GDP figures show that India's economy remained fairly soft by its own standards at the end of last year. But with policy now decisively turning more supportive, economic growth should pick up further over the coming quarters," Capital Economics' Harry Chambers said.