India Q3 GDP Data Live: Chief Economic Adviser V. Anantha Nageswaran highlighted that India’s growth rate remains strong compared to both advanced and developing economies. Speaking at a briefing following the release of GDP data, he stated that the figures signal a positive growth trajectory for FY26 and beyond.
The National Statistics Office (NSO) has released the quarterly GDP figures. The GDP growth rate stands at 6.2%, matching the CNBC-TV18 poll estimate of 6.2%. On a year-on-year (YoY) basis, GDP growth has slowed from 8.6%, while on a quarter-on-quarter (QoQ) basis, it has increased from 5.4%.
The growth figure is largely in line with analysts’ expectations.
Gross Value Added (GVA) growth for the quarter is reported at 6.2%, slightly below the CNBC-TV18 poll estimate of 6.3%. Compared to the previous year, GVA growth has declined from 6.8%, but it has improved from 5.6% in the previous quarter.
Experts had projected GDP growth to recover to approximately 6.3% in Q3 FY25, supported by increased government spending, compared to 5.4% in the previous quarter. Their estimates ranged between 5.8% and 6.5%.
Meanwhile, GDP in nominal terms, which accounts for inflation, expanded by 9.9% in Q3 FY25.
Manufacturing growth came at 3.5% vs 14% year-on-year and mining growth came at 1.4% vs 4.7% year-on-year
