Indian Economy Grows 6.5 Per Cent In FY25; Q4 Growth At 7.4 Per Cent

India’s economy grew by 6.5 per cent in the financial year 2024-25 (FY25), according to official data released on Friday (30 May).

This marks the slowest growth in the Indian economy in the last four years.

The FY25 GDP figure is also much lower than the 9.2 per cent growth recorded in FY24.

"Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 187.97 lakh crore in FY 2024-25, against the First Revised Estimates (FRE) of GDP for the FY 2023-24 of Rs 176.51 lakh crore, registering a growth rate of 6.5 per cent," the National Statistics office said in a statement.

Meanwhile, India's economy grew by 7.4 per cent in January-March quarter of FY25.

This growth aligns with the Reserve Bank of India’s forecast, which had projected a 6.5 per cent expansion for FY25.

In the previous fiscal, India had posted a strong 9.2 per cent GDP growth, maintaining its status as the world’s fastest-growing major economy.

According to official data, the economy grew 8.7 per cent and 7.2 percent, respectively, in 2021-22 and 2022-23.

In its March 2025 outlook, the Ministry of Finance had forecast a 6.5 per cent growth for FY25 despite global uncertainties and external challenges.

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