India’s economic growth decelerated to 6.2 per cent in the third quarter of 2024-25, mainly due to poor performance by the manufacturing and mining sectors.
The Indian economy recorded a growth of 6.2 per cent in the third quarter of the current fiscal (October- December 2024) against 9.5 per cent in the year-ago period, according to data released by the National Statistical Office (NSO) on Friday.
The Indian economy grew at 5.6 per cent in the July-September quarter this fiscal.
The NSO, in its second advance estimate of national accounts, pegged the country’s growth at 6.5 per cent for 2024-25.
It had projected a growth of 6.4 per cent for the current fiscal in its first advance estimates released in January 2025.
The NSO also revised the GDP growth for 2023-24 to 9.2 per cent against the earlier estimate of 8.2 per cent.
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