India’s economy grew by 7.8% in the fourth fiscal quarter (January–March) compared to the same period a year earlier, the country’s statistics office reported. According to revised data, GDP growth in the previous quarter was 8%, not 7.8% as previously announced.
Analysts surveyed by Trading Economics had forecast, on average, a slowdown to 7.2%.
According to final data, the Indian economy grew by 7.7% overall in the past fiscal year. An earlier report had indicated growth of 7.6%.
Earlier on Friday, the Reserve Bank of India lowered its forecast for India’s economic growth in the 2026–2027 fiscal year to 6.6% from the previously expected 6.9%. Growth of 6.6% is expected in the first fiscal quarter, 6.3% in the second, 6.5% in the third, and 6.8% in the fourth.
India’s GDP growth in January-March was nearly 8%
India’s economy grew at an annualized rate of 6.2% in the third fiscal quarter (October-December 2024), the country’s statistics ministry said in a report. The growth rate accelerated from a revised 5.6% in the second fiscal quarter.
Analysts’ consensus forecast, cited by Trading Economics, had anticipated a 6.3% rise in India’s October-December GDP.
Consumer spending, which accounts for about 60% of the country’s GDP, rose 6.9%, government spending rose 8.3% and business investment rose 5.7%. Exports jumped 10.4%, while imports fell 1.1%.
Growth in India’s manufacturing sector accelerated to 3.5% last quarter from 2.1% a quarter earlier, while the mining sector climbed 1.4% after a 0.3% decline. The utilities sector rose 5.1%, the agriculture sector rose 5.6% and the construction sector rose 7%.
Indian authorities now expect the country’s GDP to grow by 6.5% in the current fiscal year, which ends in March, rather than 6.4% as previously expected. Last fiscal year, the country’s economy grew by 9.2%.
Earlier, the analytical center Experts Club analyzed the level of debts of the world’s countries to their GDP, video-analysis is available in dynamics from 1950 to 2023, –
https://www.youtube.com/shorts/oT_5cTOnM8k
