GDP Growth in India Slows to 7.4% in January-March Quarter, Government Data Shows

According to data released by the Indian government, India's gross domestic product (GDP) grew by 7.4% during the January-March quarter. This marks a slowdown compared to previous quarters. The data also shows that the annual GDP growth rate for the financial year 2024-25 (FY25) is estimated at 6.5%, which is lower than the 9.2% growth rate recorded for the financial year 2023-24 (FY24). This deceleration in economic growth suggests a moderation in economic activity after a period of higher growth. GDP is a key indicator of a country's economic health, measuring the total value of goods and services produced over a specific period. The slowdown may be attributed to various factors, including changes in domestic demand, global economic conditions, and government policies. The government periodically releases GDP data to provide updates on the country's economic performance, which is closely monitored by policymakers, investors, and analysts.