India's GDP growth drops to 5.4% in Q2 FY25

This is the third consecutive quarter of slowdown in economic growth, which has slowed sharply after witnessing an 8.6-per cent expansion in Q3 FY24. It fell to 7.8 per cent in Q4 FY24 and to 6.7 per cent in Q1 FY25.

The Q2 FY25 GDP numbers are sharply lower than almost all estimates, including that of the Reserve Bank of India (RBI).

The country’s manufacturing sector growth fell to a six-quarter low of 2.2 per cent in Q2 FY25 from 7 per cent in Q1.

The growth of GDP at current prices (nominal GDP) slowed to 8 per cent and gross value added (GVA) grew by 5.6 per cent during Q2 FY25. 

ALCHEMPro News Desk (DS)