New Delhi, Feb 28 – India’s Gross Domestic Product (GDP) grew by 6.2% in the third quarter (Q3) of the financial year 2024, according to government data released today. The economy remains on track for a 6.5% growth in FY25, signaling strong momentum despite global economic uncertainties.
The robust growth in Q3 was driven by strong domestic consumption, increased manufacturing output, and a steady recovery in key sectors such as services and infrastructure. Experts attribute this resilience to government-led investments, improved private sector activity, and stable inflation levels.
Finance Ministry officials expressed confidence in India’s economic trajectory, citing fiscal reforms, digital infrastructure expansion, and increased foreign direct investments (FDI) as key growth drivers.
Despite external challenges like global inflationary pressures, geopolitical tensions, and fluctuating commodity prices, India’s economy remains one of the fastest-growing major economies in the world.
With the GDP expected to expand by 6.5% in FY25, policymakers anticipate continued economic stability, backed by robust financial markets, growing exports, and infrastructure development initiatives.