India’s economy showed signs of improvement as the GDP growth rate for the third quarter of the fiscal year 2024-25 quickened to 6.2%. Despite this uptick, the full-year output is still expected to remain at a four-year low. The growth rate for the third quarter of the financial year exceeded expectations, with the economy expanding at a faster pace compared to the previous quarter. The increase in GDP growth is a positive development for the Indian economy, indicating a potential recovery from the slowdown experienced in recent years. The data released by the government revealed that the Indian economy grew by 6.2% in the period from October to December 2024, up from 5.6% in the previous quarter. The second advance estimates of the annual gross domestic product for 2024-25 and the quarterly estimates of GDP for the third quarter further emphasized the growth trajectory of the Indian economy. The positive GDP figures are a testament to the resilience and potential of the Indian economy to bounce back from challenges and uncertainties.
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