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India's GDP grew 8.2% in Q2 FY25, fastest in six quarters, beating 7.4% estimate
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Nominal GDP rose 8.7%, narrowing gap with real growth amid lower inflation
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Manufacturing surged 9.1%, construction growth slowed to 7.2% in secondary sector
India's economy expanded by 8.2% in the July-September quarter of the current financial year, the fastest growth in six quarter, led by strong manufacturing and services output. The Bloomberg estimate was 7.4%.
The GDP print in September quarter is far higher than 5.6% during Q2 of FY25 and 7.8% in the June quarter, as per data released Ministry of Statistics on Friday.
Lower inflation narrowed the gap between nominal and real growth rates. The nominal GDP which grew 8.7% compared to 8.3% in the year-ago period.
The Gross Value Added (GVA), calculated as the value of output minus the value of the intermediate goods and raw materials, grew 8.1% compared to the estimated 7.3%.
GDP Internals
Primary Sector: 3.1%
Secondary Sector (8.1%): Manufacturing (9.1%), Construction (7.2%)
Tertiary Sector: 9.2%
Agriculture and allied services rose 3.5%, compared to 4.1% last year. Mining growth remained in negative territory.
Manufacturing surged to 9.1% from 2.2% last year, while construction slipped to 7.2% from 8.4%.
Investment, Consumption Jumps
Private Final Consumption Expenditure, that fuels over one-third of India's economy, reported 7.9% growth rate during Q2, as compared to the 6.4% growth rate in the corresponding period of previous financial year.
Government expenditure declined 2.7%, compared to a growth of 4.3%.
Private investment, measured as Gross Fixed Capital Formation, expanded 7.3% versus 6.7% last year.
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