India's GDP growth slows to 6.5 per cent in FY 2025, official data confirms
March quarter saw India economy grow by 7.4 per cent, as per data released by the National Statistics Office
March quarter saw India economy grow by 7.4 per cent, as per data released by the National Statistics Office
March quarter saw India economy grow by 7.4 per cent, as per data released by the National Statistics Office
March quarter saw India economy grow by 7.4 per cent, as per data released by the National Statistics Office
India, on Friday, released the official economic data that revealed that the country's GDP growth slowed to 7.4 per cent in the January-March quarter from 8.4 per cent a year ago. This also brought down the fiscal 2025 GDP growth to 6.5 per cent, from 9.2 per cent last financial year.
The Union government arm, the National Statistics Office (NSO), released the data on May 30, which was in line with the second advance estimate of national accounts at 6.5 per cent.
In comparison, China grew by just 5.4 per cent in the first three months of 2025.
The latest official data came at the heels of NITI Aayog CEO B.V.R. Subrahmanyam stating that the share of manufacturing in India's GDP was 17 per cent at an an event organised by industry body CII.
Citing that the Economic Survey 2023-24 put the Indian agriculture sector at 18.2 per cent of the country's GDP at current prices, Subrahmanyam pointed out that 90 per cent of manufacturing activities now happen in just 5-6 states.
"China has placed itself at the heart of the global supply chains...Should not India also be a heart of global supply chains," he added.
[This is a developing story and is being updated]