India’s GDP Advance Estimates 2025 Live: Govt. estimates 6.4% economic growth in FY2024-25

Toy plastic forklift hold block G to compose and fulfill wording GDP (Gross domestic product or Good distribution practice) on wood background

• 17:16 | January 7, 2025

  GDP Advance Estimates Live Updates and News: Slowing pace attributable to sharp slowdown in Q2, lower fiscal stimulus, high interest rates and stricter lending norms, says Crisil’s Joshi

  Crisil chief economist Dharmakirti Joshi attributed the expected deceleration in 2024-25 growth to the sharp slowdown in the second quarter, lower fiscal stimulus, high interest rates and stricter lending norms. “The decline in government capital expenditure, a key driver of post-pandemic recovery, during the second quarter is unlikely to be compensated for in the rest of the fiscal. Further, private sector investment remains sluggish despite favourable conditions. Little surprise therefore that investment growth slowed to 6.4% this fiscal from 9.0% in the previous one,” he said.

• 17:09 | January 7, 2025

  GDP Advance Estimates Live News and Updates: Construction sector may see ‘healthy’ growth

  Real GVA of ‘Construction’ sector and ‘Financial, Real Estate & Professional Services’ sector has been estimated to observe good growth rates of 8.6 per cent and 7.3 per cent, respectively during the FY 2024-25. Private Final Consumption Expenditure (PFCE) at constant prices, has witnessed a growth rate of 7.3 per cent over the growth rate of 4 per cent in the previous Financial Year.

• 17:07 | January 7, 2025

  GDP Advance Estimates Live News and Updates: Real GVA likely to grow 6.4% vs 7.2% in FY24

  Real Gross Value Added (GVA) has grown by 6.4 per cent in FY 25 over the growth rate of 7.2 per cent in FY24. Nominal GVA has shown a growth rate of 9.3 per cent as compared to the growth rate of 8.5 per cent Real GVA of Agriculture and allied sector has been estimated to grow by 3.8 per cent as compared to the growth of 1.4 per cent witnessed during the last year, i.e., 2023-24.

• 16:13 | January 7, 2025

  GDP Advance Estimates Live News & Updates: Govt. estimates 6.4% economic growth in FY2024-25

  Growth to slow compared with previous year when the economy grew at a quicker clip of 8.2%

• 14:56 | January 7, 2025

  GDP Advance Estimate live news and updates: MFI loans, unsecured loans continue to see elevated stress

  “Asset quality is the overwhelming theme. MFI (microfinance loans) and unsecured loans continue to see elevated stress. HDFC, ICICI, Federal and state banks are likely to face less stress while MFI lenders would see a sharp deterioration,” it said.

• 14:54 | January 7, 2025

  GDP Advance Estimates Live news and updates: Banks’ earnings to be under pressure in Q3 on asset quality, growth concerns

  Indian banks’ Q3FY25 earnings are likely to remain muted, primarily on account of slower business growth, static margins and asset quality stress, analysts say.Read the full article.

• 13:39 | January 7, 2025

  GDP Advance Estimates updates: India’s services sector growth hits 4-month high in Dec on new biz orders, easing price pressures

  India’s services sector growth touched a four-month high in December, supported by new business inflows on strong demand conditions and easing inflationary pressures, a monthly survey said on Monday.

  The seasonally adjusted HSBC India Services Business Activity Index, rose from 58.4 in November to 59.3 in December, highlighting the strongest rate of expansion in four months.

  In the Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

  According to the survey, demand buoyancy continued to drive new business inflows higher, which in turn supported output growth and prompted firms to recruit additional workers.

  On the price front, there was a softer increase in cost burdens, though panellists continued to report greater outlays on food, labour and materials. Selling price inflation also eased in December.

  India’s manufacturing sector growth fell to a 12-month low in December, as new business orders and production expanded at softer rates.

  Service providers remained confident that output would increase over the course of the coming 12 months. The overall level of positive sentiment fell from November’s six-month high but remained above its long-run average.

  The combination of new business growth, upbeat forecasts and rising capacity pressures supported another round of job creation across the service economy.

  Composite PMI indices are weighted averages of comparable manufacturing and services PMI indices. Weights reflect the relative size of the manufacturing and service sectors, according to official GDP data.

  The fastest increase in new business at services firms more than offset a fractional slowdown at goods producers. As a result, aggregate sales expanded at a stronger rate, the survey said. (PTI)

• 13:11 | January 7, 2025

  GDP Advance estimates live news and updates: India’s growth paradox - A year of economic highs and household lows 

  The year 2024 was a paradox for the Indian economy — while India retained its title as the fastest-growing major economy, millions of households faced rising costs, stagnant incomes, and diminishing living standards. Challenges such as food inflation, high fuel prices, rising healthcare costs, and unemployment overshadowed the country’s macroeconomic achievements, leaving families grappling with financial stress. Most Indian households are pinning their hopes on better income prospects on the income front in 2025.

• 13:09 | January 7, 2025

  GDP Advance Estimates Live updates and news: Investment is a critical factor

  RBI’s Deputy Governor Michael Patra said in terms of demand, the main problem is investment. On the supply side, the main problem is manufacturing and the two are intertwined. In manufacturing, the biggest issue is the slump in the sales growth and that is reflecting inflation hitting the urban consumer. 

• 11:36 | January 7, 2025

  GDP Advance Estimates News and Updates Live: Rural demand stable

  The recent Monthly Economic Review (MER) prepared by Economic Affairs Department said that rural demand is resilient, as highlighted by the 23.2 per cent and 9.8 per cent growth in two and three-wheeler sales and domestic tractor sales, respectively, in October-November 2024. Urban demand is also picking up, with passenger vehicle sales registering YoY growth of 13.4 per cent in October-November 2024 and domestic air passenger traffic witnessing robust growth. 

• 11:34 | January 7, 2025

  GDP Advance Estimates Live news & updates: Why the first advance estimate is critical now

  The first advance estimate is critical especially after the July-September quarter shocker of 5.4 per cent. This pushed the RBI to cut growth forecast for the current fiscal to 6.6 per cent from the earlier 7.2 per cent. Still, Finance Minister Nirmala Sitharaman has been hopeful about growth picking up.

• 11:13 | January 7, 2025

  GDP Advance Estimates Live News & Updates: Growth expected to slow down to 6.3-6.6% in FY25

  The Indian economy is expected to grow between 6.5 and 6.8 per cent during 2024-25. If the growth rate estimate is close to projections, then it would be the first time in four years (2021-22 to 2024-25) it would go below 7 per cent. 

  Economy growth based on changes in Gross Domestic Product (GDP) was 8.2 per cent in Fiscal Year 2023-24. The Government will come out with the first advance estimates on Tuesday. The advance estimate is used for various Budget calculations.

• 11:08 | January 7, 2025

  GDP Advance Estimates Live news & updates: Any growth rate below 6% will affect common man, warns EY’s Srivastava

  Unless we reach 6.5-7%, we may not be able to create conditions for significant improvement in employment situation, says DK Srivastava, Chief Policy Advisor, EY India. Read the full report here.

Published on January 7, 2025