NSO projects India’s GDP growth at 6.4% in FY25, below RBI’s 6.6% estimate, with H2 growth at 6.7%.
India’s GDP growth is projected to slow to a four-year low of 6.4% in FY25, according to the First Advance Estimates released by the National Statistics Office (NSO).
Key insights include:
- Below RBI Estimate: The estimate falls short of the Reserve Bank of India’s 6.6% projection.
- Sectoral Performance: Assumes improved performance in agriculture and manufacturing in the second half of the year (October-March).
- Comparative Growth: FY25’s growth is significantly lower than FY24’s 8.2% GDP expansion.
- Data Basis: The estimates incorporate industrial production data till October and lead indicators from November and December, forecasting a 6.7% growth in H2.
