<p>India’s GDP growth is likely to accelerate to 6.9 per cent in the quarter ended March 2025 from 6.2 per cent in the previous three-month period, taking the full year average for 2024-25 to 6.3 per cent, ICRA said on Monday.</p><p>The rating agency’s projection for the FY25 growth is lower than the National Statistics Office (NSO) estimate of 6.5 per cent. In order to achieve 6.5 per cent GDP growth for FY25, the Q4 growth must be 7.6 per cent.</p><p>The projected growth for January-March quarter is the highest for the 2024-25 financial year. In the first quarter of 2024-25, the GDP growth stood at 6.5 per cent. It dipped to 5.6 per cent in July-September 2024 quarter and improved to 6.2 per cent in the third quarter of 2024-25.</p><p>“In a quarter characterised by enhanced uncertainty on the global front, ICRA estimates India’s GDP growth to have risen to 6.9 per cent in Q4 FY2025 from 6.2 per cent in Q3 FY2025,” said Aditi Nayar, Chief Economist at ICRA.</p><p>“Both private consumption and trends for investment activity were uneven in Q4 FY2025, with the latter partly owing to tariff-related uncertainty. Services sector exports continued to show double-digit growth, while merchandise exports contracted in YoY terms in Q4 FY2025 after expanding in Q3,” she said.</p>.Railway sector to see 5% revenue growth this fiscal: ICRA.<p>While the robust increase in the output of most rabi crops is likely to have boosted the agri-GVA growth in Q4 FY2025, the tepid pace of expansion in the industrial volume growth as well as the deterioration in the performance of several service-sector indicators is expected to have weighed on the GVA growth of these segments, Nayar added.</p><p>According to ICRA, the growth in the gross value added (GVA) is estimated to improve marginally to 6.3 per cent in Q4 FY2025 from 6.2 per cent in the previous quarter, driven by a slight uptick in the industrial sector (4.8 per cent in Q4 from 4.5 per cent in Q3), with a relatively stable performance of the services (7.5 per cent in Q4 from 7.4 per cent in Q3), and agriculture (5.5 per cent in Q4 from 5.6 per cent in Q3).</p><p>For the full fiscal 2024-25, the GVA is estimated to grow by 6.2 per cent, as per ICRA. The NSO has pegged GVA growth for the 2024-25 fiscal at 6.4 per cent. The GVA reflects value added at each stage of production before accounting for taxes and subsidies.</p>
<p>India’s GDP growth is likely to accelerate to 6.9 per cent in the quarter ended March 2025 from 6.2 per cent in the previous three-month period, taking the full year average for 2024-25 to 6.3 per cent, ICRA said on Monday.</p><p>The rating agency’s projection for the FY25 growth is lower than the National Statistics Office (NSO) estimate of 6.5 per cent. In order to achieve 6.5 per cent GDP growth for FY25, the Q4 growth must be 7.6 per cent.</p><p>The projected growth for January-March quarter is the highest for the 2024-25 financial year. In the first quarter of 2024-25, the GDP growth stood at 6.5 per cent. It dipped to 5.6 per cent in July-September 2024 quarter and improved to 6.2 per cent in the third quarter of 2024-25.</p><p>“In a quarter characterised by enhanced uncertainty on the global front, ICRA estimates India’s GDP growth to have risen to 6.9 per cent in Q4 FY2025 from 6.2 per cent in Q3 FY2025,” said Aditi Nayar, Chief Economist at ICRA.</p><p>“Both private consumption and trends for investment activity were uneven in Q4 FY2025, with the latter partly owing to tariff-related uncertainty. Services sector exports continued to show double-digit growth, while merchandise exports contracted in YoY terms in Q4 FY2025 after expanding in Q3,” she said.</p>.Railway sector to see 5% revenue growth this fiscal: ICRA.<p>While the robust increase in the output of most rabi crops is likely to have boosted the agri-GVA growth in Q4 FY2025, the tepid pace of expansion in the industrial volume growth as well as the deterioration in the performance of several service-sector indicators is expected to have weighed on the GVA growth of these segments, Nayar added.</p><p>According to ICRA, the growth in the gross value added (GVA) is estimated to improve marginally to 6.3 per cent in Q4 FY2025 from 6.2 per cent in the previous quarter, driven by a slight uptick in the industrial sector (4.8 per cent in Q4 from 4.5 per cent in Q3), with a relatively stable performance of the services (7.5 per cent in Q4 from 7.4 per cent in Q3), and agriculture (5.5 per cent in Q4 from 5.6 per cent in Q3).</p><p>For the full fiscal 2024-25, the GVA is estimated to grow by 6.2 per cent, as per ICRA. The NSO has pegged GVA growth for the 2024-25 fiscal at 6.4 per cent. The GVA reflects value added at each stage of production before accounting for taxes and subsidies.</p>