Business physique Assocham on Friday mentioned India retained its place because the world’s fastest-growing main economic system in 2024-25, with actual GDP increasing 6.5%.
Progress accelerated extra within the second half as in comparison with the primary half, attaining a 7.4% rise throughout the March quarter.
“This pick-up was supported by strong home demand, robust public infrastructure funding and shifting world provide chains that more and more favour India amid geopolitical reorientations,” Assocham President Sanjay Nayar mentioned.
He additional mentioned building, manufacturing and providers sectors have been key drivers of this momentum, strengthening India’s macroeconomic stability and world progress management.
The 6.5% progress price throughout the fiscal 12 months elevated the dimensions of India’s economic system to $3.9 trillion and held promise of crossing world’s fourth-largest economic system Japan in FY26.
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The Indian economic system grew at 7.4% in January-March–the fourth and remaining quarter of April 2024 to March 2025 fiscal (FY25)–reflecting a robust cyclical rebound that was helped by an increase in non-public consumption and strong progress in building and manufacturing.
The growth of seven.4% throughout January-March 2025 was the very best within the fiscal 12 months.
The 6.5% progress in FY25 was consistent with the federal government projection made in February. This progress was the slowest in 4 years, and in comparison with a 9.2% growth within the earlier 2023-24 fiscal 12 months.
Edited by Megha Reddy
