India's GDP Grew By 6.5% In 2024-25

According to the data released by the NSO today, the annual GDP growth rate in the financial year 2024-2025 was 6.5 percent. 

New Delhi: India's economic growth slowed down in the fourth quarter (January to March) of the financial year 2024-25. At that time, the GDP growth rate was 7.4 percent. Due to this, the annual GDP growth rate in the last financial year has come down to 6.5 percent. In the fourth quarter of the financial year 2023-24, the GDP growth rate was 8.4 percent. The National Statistics Office (NSO) released this data on Friday.

According to the data released by the NSO today, the annual GDP growth rate in the financial year 2024-2025 was 6.5 percent. In the financial year 2023-24, this rate was 9.2 percent. That is, the GDP growth rate has decreased by more than 2.5 percent. Several organizations had already expressed the fear of a lower GDP growth rate in the last financial year. The NSO had predicted that India's GDP growth rate could fall to 6.5 percent. The Reserve Bank of India (RBI) also had the same fear. Ultimately, that fear came true.

It has been seen that the GDP growth rate is the lowest in the last four financial years in the financial year 2024-25. The GDP growth rate in the financial year 2024-25 was 6.5 percent. In the financial year 2023-24, it was 9.2 percent. In the financial year 2022-23, it was 7.2 percent and in the financial year 2021-22, the GDP growth rate was 8.7 percent. Incidentally, the lower growth this time compared to the previous years means that overall economic activity has practically slowed down. However, the economic growth was observed quite rapidly in the years following the pandemic. However, even in such a situation, India remains among the fastest growing economies in the world. A few days ago, the United Nations had said that India will be able to retain its place as the world's fastest growing major economy this year as well. The United Nations had expected that India's growth rate in the current financial year would be 6.3 percent. However, it turned out to be 6.5 percent.

On Saturday, NITI Aayog CEO BVR Subramanian claimed that India has already surpassed Japan to become the world's fourth largest economy. At the same time, he said that India has now crossed the $4 trillion milestone. Thanks to this achievement, India has surpassed Japan to become the fourth largest economy. On the other hand, the IMF estimates that India's GDP will grow at 6.2 percent in 2026 and 6.3 percent in 2027, according to its April 'World Economic Outlook' report. Meanwhile, the Reserve Bank of India expects the Indian economy to grow at 6.5 percent in 2026.