India’s economic growth decelerated to 6.2% in the third quarter of 2024-25, mainly due to poor performance by the manufacturing and mining sectors.
The Indian economy recorded a growth of 6.2% in the third quarter of the current fiscal (October-December 2024) against 9.5% in the year-ago period, according to data released by the National Statistical Office (NSO) on Friday, February 28, 2025.
Indian economy grew at 5.6% in the July-September quarter this fiscal.
The NSO, in its second advance estimate of national accounts, pegged the country’s growth at 6.5% for 2024-25.
It had projected a growth of 6.4% for the current fiscal in its first advance estimates released in January 2025.
The NSO also revised the GDP growth for 2023-24 to 9.2% against the earlier estimate of 8.2%.
Published – February 28, 2025 05:58 pm IST