India's GDP growth slows to seven-quarter low of 5.4 percent

India's gross domestic production (GDP) has slowed down to 5.4 percent year-on-year in the July-September quarter of the current financial year 2024-25, as per government data released on Friday.

IBNS • 29 Nov 2024, 01:00 pm

India's GDP growth slows to seven-quarter low of 5.4 percent

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The country's economy registered 6.7 percent growth in the April-June quarter (Q1) of the current financial year.

It touched 8.1 percent in the Q2 of the previous financial year 2023-24.

"Real GDP or GDP at Constant Prices in Q2 of 2024-25 is estimated at ₹44.10 lakh crore, against ₹41.86 lakh crore in Q2 of 2023-24, showing a growth rate of 5.4%. Nominal GDP or GDP at Current Prices in Q2 of 2024-25 is estimated at ₹76.60 lakh crore, against ₹70.90 lakh crore in Q2 of 2023-24, showing a growth rate of 8.0 percent," read a statement issued by the Indian government.

"Real GVA in Q2 of 2024-25 is estimated at ₹40.58 lakh crore, against ₹38.42 lakh crore in Q2 of 2023-24, showing a growth rate of 5.6%. Nominal GVA in Q2 of 2024-25 is estimated at ₹69.54 lakh crore, against ₹64.35 lakh crore in Q2 of 2023-24, showing a growth rate of 8.1%," the statement said.