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India’s GDP Surges 7.4% in Q4 FY25, Beats RBI Forecast — Construction & Services Lead Growth

India’s economy ended FY25 on a strong note, with GDP growth outpacing expectations in the January–March quarter. According to the National Statistics Office (NSO), Q4 GDP clocked 7.4% growth, higher than the Reserve Bank of India’s (RBI) forecast of 7.2%.

For the full fiscal year 2024-25, GDP expanded 6.5%, just shy of RBI’s earlier estimate of 6.6%.

Key Highlights: At a Glance

Q4 GDP Performance:

Full-Year Growth:

Nominal GDP Expansion:

Top Performing Sectors:

Agriculture Rebounds:

Healthy Investment & Consumption::

Quarter-wise GDP Trend (FY25)

Quarter

GDP Growth (%)

Q1 FY25

6.70%

Q2 FY25

5.4% (7-quarter low)

Q3 FY25

6.2% (Rebound begins)

Q4 FY25

7.4% (Strong finish to the fiscal year)

Looking Ahead:

India’s Q1 FY26 GDP figures will be announced on August 29, 2025 — a key indicator of whether this growth momentum will continue into the new fiscal cycle.
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