India Q2FY25 GDP Growth Explained: What’s Next For The Economy?

The National Statistics Office on Friday announced that the Q2 GDP was 5.4%, down from 6.7% in the April-June quarter. As per the data shared by NSO, real GDP grew by 5.4% in the second quarter of the fiscal year 2024-25, a decrease from the growth rate of 8.1% in the same quarter of the previous fiscal year. Despite slow growth in the Manufacturing (2.2%) and Mining & Quarrying (-0.1%) sectors in the second quarter of the fiscal year 2024-25, real GVA in the first half of the year (April-September) saw a growth rate of 6.2%.Real GVA increased by 5.6% in the second quarter of the fiscal year 2024-25, down from the growth rate of 7.7% in the same quarter of the previous financial year. "Real GDP has been estimated to grow by 5.4% in Q2 of FY 2024-25 over the growth rate of 8.1% in Q2 of FY 2023-24. Despite sluggish growth observed in Manufacturing (2.2%) and Mining & Quarrying (-0.1%) sectors in Q2 of FY 2024-25, real GVA in H1 (April-September) has recorded a growth rate of 6.2%.Real GVA has grown by 5.6% in Q2 of FY 2024-25 over the growth rate of 7.7% in Q2 of the previous financial year. Nominal GVA has witnessed a growth rate of 8.1 % in Q2 of FY 2024-25 over the growth rate of 9.3% in Q2 of FY 2023-24," the government statement said.