India’s Q2FY25 GDP Growth: Get the latest updates on India’s economic performance in the July-September 2024 quarter. Track FY25 trends, expert analysis and implications.
India’s Q2 GDP data.
India Q2 GDP Data: India’s gross domestic product (GDP) grew by 5.4 percent during July-September 2024, according to the latest government data released on Friday. Although this is the slowest growth rate in eight quarters, India is still the fastest growing major economy in the world.
Q2 FY25 growth of 5.4 percent fell short of analysts’ expectations, who had projected growth in the range of 6.2 percent to 6.9 percent.
“Real GDP is estimated to grow at 5.4 per cent in the second quarter of FY 2024-25 as against a growth rate of 8.1 per cent in the second quarter of FY 2024-25,” the finance ministry said in a statement. “
In the last quarter of April-June 2024 (first quarter of FY25), the country’s GDP grew by 6.7%. Its growth rate was 8.1% in the year-ago period (Q2 FY24).
According to the latest data released by the National Statistics Office (NSO), India’s Gross Value Added or GVA, which is GDP minus net product taxes and reflects growth in supply, also 5.6% growth during July-September 2024.
During the July-September 2024 quarter, US GDP grew by 2.8%. Britain rose just 0.1 percent. China grew 4.6 percent during the latest quarter (Q3) and is struggling to reach 5 percent in the full fiscal year 25. Japan gained 0.9 percent during the quarter.