India’s GDP growth accelerates to 6.2 per cent in Q3, growth for 2024-25 seen at 6.5 per cent. Construction sector is estimated to have posted a growth rate of 8.6 per cent, followed by the ‘financial, real estate & professional services’ sector at 7.2. Private Final Consumption Expenditure (PFCE) is expected to register a good growth of 7. 6 per cent during 2024- 25 as compared to 5.6% growth observed during 2023-24. The figures of the first revised estimates also show that real GDP has grown by 9.2% in the financial year 20 23-24, which is the highest in the previous 12 years except for thefinancial year 2021-22, which was the post-Covid year, according to the official figures. The growth of real GDP in 2022-23 has been contributed by double-digit growth rates in the ‘manufacturing’ and ‘construction’ sectors.
