Indian economy grew by 6.2 per cent during October-December quarter (Q3) of current fiscal as against 5.6 per cent in July-September quarter (Q2), data released by the Statistics Ministry showed. Growth rate during Q3 of last fiscal has been revised to 9.5 per cent.
The Ministry has also revised growth number for full fiscal. Now Real GDP has been estimated to grow by 6.5 per cent in FY 2024-25 as against 6.4 per cent.
- Also read: India needs 7.8% growth to become high income economy, World Bank says
‘Construction’ sector is estimated to observe a growth rate of 8.6 per cent followed by ‘Financial, Real Estate & Professional Services’ sector (7.2 per cent) and ‘Trade, Hotels, Transport, Communication & Services related to Broadcasting’ sector (6.4 per cent) during 2024-25.
Private Final Consumption Expenditure (PFCE) is expected to register a good growth of 7.6 per cent during 2024-25 as compared to 5.6 per cent growth observed during 2023-24.
(This is a developing story; check back in a while for more details)
