India’s Gross Domestic Product (GDP) grew at a rate of 6.7% in the first quarter of the financial year 2024-25, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday, August 30, 2024. This is a moderation from the 8.2% growth recorded in the same quarter of the previous year.
For the quarter, the Real GDP, which is adjusted for inflation, is estimated at ₹43.64 lakh crore. This marks an increase from ₹40.91 lakh crore recorded in the first quarter of 2023-24, reflecting a growth rate of 6.7%.
The Nominal GDP, representing the GDP at current prices, is estimated to be ₹77.31 lakh crore. This is up from ₹70.50 lakh crore in the first quarter of the previous financial year, indicating a growth rate of 9.7%.