India’s economic growth decelerated to 6.2 per cent in the third quarter of 2024-25, mainly due to poor performance by the manufacturing and mining sectors. National Statistical Office (NSO) had projected a growth of 6.4 per cent for the current fiscal in its first advance estimates released in January 2025. NSO also revised the GDP growth for 2023-24 to 9.2% against the earlier estimate of 8.2%. The 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 2024-24. The country’s GDP grew at 9.1% in 2013-14 and 9.7% in 2014-15. The growth rate in 2015-16 was 9.8%. The growth in 2016-17 was 8.7%. The GDP growth in the first quarter of 2017-18 was 7.4% and the second quarter of this year was 6.3%.
