India GDP: An enhancement of the country’s GDP is anticipated in Q3 of FY 2025. On 28 February, the government will release the GDP data for the third quarter.
India GDP: Even though in FY 2025 Q3, India’s GDP growth rate was a mere 5.4%, there are expectations for some enhancement in the third quarter. A report from the State Bank of India (SBI) indicates that, despite uncertainties such as US tariffs and rupee depreciation, India’s economy continues to show resilience. The bank has projected the GDP growth of the country to be in the range of 6.2–6.3 percent for the October–December quarter (Q3 FY25).
There was a significant increase in GDP during the last quarter
As reported by Reuters economists, India’s economy experienced a growth rate of 6.3 percent in the last quarter, largely attributable to increased government expenditure. This contributed to offsetting the weak domestic demand. As a result of the elections that took place from April to June of the previous year, the government was required to reduce expenditures on infrastructure. This was a significant contributor to economic growth over the past few years.
This constitutes the rationale for economic growth.
From July to September, the GDP of the country dropped to 5.4 percent, significantly lower than the previous financial year’s figure of 8.2 percent. After that, foreign investors pulled out billions of dollars from the Indian stock market. Nevertheless, it is probable that in the last quarter of 2024, government spending will rise by a two-digit percentage. In such circumstances, government policy is a greater driver of economic growth than domestic demand. Typically, from October to December during the festive season, there is an increase in the demand and consumption of domestic goods, but this was relatively lower last year.
This was estimated by economists
According to a poll of Reuters economists conducted from February 17 to 24, India’s GDP (which is the third-largest economy in Asia) is anticipated to rise at an annual rate of 6.3% in the October-December quarter, up from the previous quarter’s nearly two-year low of 5.4%. Projections for data published by the government on February 28 vary from 5.8% to 7.4%.
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