Fri Feb 28 12:28:19 UTC 2025: ## India’s Economic Growth Slows to 6.2% in Q3
**New Delhi, February 28, 2025** – India’s economic growth rate has slowed significantly, according to data released by the National Statistical Office (NSO) on Friday. The country’s GDP expanded by 6.2% in the third quarter of the fiscal year 2024-25 (October-December 2024), a sharp decline from the 9.5% growth recorded in the same period last year. The slowdown is primarily attributed to underperformance in the manufacturing and mining sectors.
The NSO’s second advance estimate projects overall growth for the fiscal year 2024-25 at 6.5%, slightly up from the 6.4% projected in January. This contrasts with the revised 9.2% growth recorded for the fiscal year 2023-24 (an upward revision from the earlier estimate of 8.2%).
The figures follow predictions from organizations like ICRA, which expected 6.4% growth in Q3, and the IMF, which anticipates a slightly weaker performance for the Indian economy in 2025. The July-September quarter of this fiscal year saw a growth rate of 5.6%. While the government remains optimistic, the significant deceleration raises concerns about the future trajectory of the Indian economy.
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