The manufacturing and mining industries’ subpar performance was the primary cause of India’s economic growth slowing to 6.2% in the third quarter of 2024–2025.
According to figures provided by the National Statistical Office (NSO) on Friday, the Indian economy grew 6.2% during the third quarter of the current fiscal year (October–December 2024) compared to 9.5% during the same period last year.
This fiscal year, the July-September quarter saw a 5.6% growth in the Indian economy.
In its second national accounts advance estimate, the NSO projected the nation’s growth to be 6.5% in 2024–2025.
In January 2025, it issued its first advance estimates, which foresaw an increase of 6.4% for the current fiscal year.
Additionally, the NSO updated the GDP graph, growth for 2023–24 to 9.2%, compared to the initial prediction of 8.2%.