Q3FY25 GDP Estimates | Was Q2 Slowdown A One-Off? Q3 GDP To Show Real Economic Trend

The economy is seen to have recovered to some extent in the third quarter of the current fiscal year but growth is largely expected to be tepid at about 6 per cent or so with improvement in capital expenditure and government spending as well as strong rural demand. Most analysts estimate GDP growth in the region of 6.2 per cent to 6.4 per cent in the October to December 2024 quarter and do not expect a significant variance in the growth projection of 6.4 per cent for the current fiscal. The National Statistics Office will release the second advance estimates of annual GDP for FY2024-25 and the quarterly GDP estimates for the quarter October-December of 2024-25 on February 28. The economy grew at an unexpected 5.4 per cent in the second quarter of the fiscal down from 6.7 per cent in the first quarter of the fiscal. The economy grew by 8.6 per cent in the third quarter of last fiscal. A poll of 13 economists by Informist estimates GDP growth at 6.4% for the final quarter of 2024. This marks a one percentage point increase from the previous quarter but remains over 200 basis points below the 8.6% growth recorded a year ago. Watch Siddharth Zarabi, Editor, Business Today, in conversation with Indranil Pan, Chief Economist at YES Bank, and Sunil Sinha, Economist, as they discuss the Q3 GDP outlook and its implications.