India’s GDP Growth Projected at 6.4% in 2024-25, Four-Year Low

Government data released on Tuesday, December 7, 2025, projects India’s real GDP growth to decelerate to 6.4% in the fiscal year 2024-25, down from 8.2% in 2023-24.

This marks the weakest annual GDP growth rate since the pandemic, when it dropped to -5.8% in the 2020-21 fiscal year.

The National Statistics Office (NSO) and the Ministry of Statistics and Programme Implementation (MoSPI) project the real GDP to total ₹184.88 lakh crore this year, up from the provisional estimate of ₹173.82 lakh crore for the previous year.

The Real GVA growth is likely to slow to 6.4% in 2024-25, down from 7.2% in 2023-24. The GVA, just like the GDP was also at the lowest since 2020-21 when it fell down to -4.1%. The projection for the Real GVA is ₹168.91 lakh crore, up from ₹158.74 lakh crore last year.

Also Read: Salman Khan installs bulletproof windows at Galaxy Apartment

GDP and GVA have risen

The agriculture and allied sector is expected to grow its Real GVA by 3.8% in 2024-25, compared to just 1.4% in the previous year.

Mining and quarrying growth is likely to drop to 2.6% from 6.3%, while manufacturing is likely to slow to 6.6% from 8%. The tertiary sector, however, saw growth in all divisions, with trade, hotels, transport, communication, and broadcasting services projected to grow by 8%, up from 5.2%.

The estimated nominal growth rates for both GDP and GVA have increased. Nominal GDP will grow by 9.7% this year, slightly higher than 9.6% last year, while Nominal GVA will rise by 9.3%, compared to 8.5% earlier.

Also Read: Tamil Nadu Health Minister No Need to Worry About HMPV