- India’s economy grew 6.2% in Q3 FY25 (Oct-Dec 2024), slowing from 9.5% in Q3 FY24.
- Growth was impacted by a weaker performance in manufacturing and mining sectors.
- Second Advance Estimates project 6.5% GDP growth for FY25, slightly above the 6.4% projected earlier.
- The NSO also revised FY24 GDP growth to 9.2% from the previous estimate of 8.2%.
Fiscal Deficit & Government Finances
Fiscal deficit reached 74.5% of the full-year target by January 2025.
Net tax revenue collected: ₹19.03 lakh crore (74.4% of FY25 estimate).
Total expenditure: ₹35.7 lakh crore (75.7% of estimate).
Key Takeaways
Despite slowing Q3 growth, India’s economy remains on track for 6.5% growth in FY25.
Manufacturing & mining sectors are key areas of concern.
Fiscal deficit is rising, but revenue collections remain stable.
These numbers will shape policy decisions, interest rates, and future growth strategies for India’s economy.
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