Fri Feb 28 18:40:00 UTC 2025: ## India’s Economic Growth Slows to 6.2% in Q3
**NEW DELHI** – India’s economic growth slowed significantly in the third quarter of the 2024-25 fiscal year, reaching 6.2 percent, according to data released Friday by the National Statistical Office (NSO). This marks a considerable decrease from the 9.5 percent growth recorded in the same period the previous year and follows a 5.6 percent growth in the preceding quarter (July-September 2024). The slowdown is primarily attributed to underperformance in the manufacturing and mining sectors.
The NSO’s second advance estimate projects overall growth for the entire 2024-25 fiscal year at 6.5 percent, a slight upward revision from the 6.4 percent projected earlier. The office also revised upward the GDP growth for the 2023-24 fiscal year to 9.2 percent from a previous estimate of 8.2 percent. The latest figures indicate a noticeable deceleration in India’s economic momentum, raising concerns amongst economists.
First Piper 