India sustains growth momentum as fastest growing economy again: Finance Minister Sitharaman on FY25 GDP numbers

Finance Minister Nirmala Sitharaman on Friday while commenting on FY25 GDP said that India has sustained its growth momentum as fastest growing economy for fourth year in a row.

India’s economic growth in Q4 beat estimates after accelerating to 7.4% but it couldn't save the economy from posting its slowest growth since Covid-era in FY25. The economy in 2024-25 hit a four-year low of 6.5 per cent, slowing down sharply from the 9.2 per cent growth recorded in FY24.

"India sustains growth momentum as fastest growing economy for fourth year in a row," said Finance Minister Nirmala Sitharaman. The Union Minister added that the country's manufacturing activity has been good during fourth quarter.


The economic expansion was recorded at 7.4 per cent during January-March 2025, while it was 6.4 per cent in October-December 2024, 5.6 per cent in July-September 2024, and 6.5 per cent in the April-June quarter of the last financial year, according to economic estimates released by the National Statistics Office (NSO).

The GDP had expanded by 8.4 per cent in the January-March quarter of 2023-24.

The NSO, in its second advance estimate released in February, had projected the GDP growth for 2024-25 at 6.5 per cent.

"Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 187.97 lakh crore in FY2024-25, against the First Revised Estimates (FRE) of GDP for the FY 2023-24 of Rs 176.51 lakh crore, registering a growth rate of 6.5 per cent.