Perspectives
- The initial preliminary government projections for FY25 indicate that India’s real GDP would increase by 6.4%.
- This contrasts with the 8.2% GDP growth predicted in the FY24 tentative projection.
- The nominal GDP is expected to expand by 9.7% in FY25 compared to 9.6% in FY24.
- According to estimates, real gross value added will increase by 6.4% in FY25 as opposed to 7.2% in FY24.
The first preliminary projections from the National Statistics Office (NSO) indicate that India’s real gross domestic product (GDP) would increase by 6.4% in fiscal 2024–25 (FY25). This contrasts with the 8.2% GDP growth predicted in the FY24 tentative projection. The nominal GDP is expected to expand by 9.7% in FY25 compared to 9.6% in FY24.
According to estimates, real gross value added (GVA) would increase by 6.4% in FY25 as opposed to 7.2% in FY24. In FY25, nominal GVA is expected to expand by 9.3%, up from 8.5 percent in FY24.
Private final consumption expenditure at constant prices will see a growth rate of 7.3 per cent during FY25 compared to 4 per cent in the last fiscal.
At constant prices, government final consumption spending has increased to 4.1% from 2.5% in the previous fiscal year.