India’s GDP Growth Projected at 6.4% for 2024-25

India’s GDP Growth Projected at 6.4% for 2024-25

Daily Current Affairs   /   India’s GDP Growth Projected at 6.4% for 2024-25

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Category : Business and economics Published on: January 09 2025

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  • The National Statistical Office (NSO) in its First Advance Estimate of GDP for 2024-25 on January 7, 2025 reported that India's real gross domestic product (GDP) is expected to grow by 6.4% this fiscal, slowing down from 8.2% in 2023-24. GDP growth slowed to 6% in the first half of this financial year.
  • The agriculture sector is estimated to grow at 3.8%, which is better than the previous year's 1.4% growth.
  • Construction sector expected to grow by 8.6% and real estate and financial services by 7.3%.
  • The RBI's GDP growth projection for 2024-25 is 6.6%, which is slightly higher than the government estimate.
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