The improvement in real GDP growth was mainly led by the six-quarter highest growth in final consumption expenditure (7.1% in Q3 FY25 versus 5.3%/5.6% in Q3 FY24/Q2 FY25).
(Source: pxhere.com)
Overall, Q3 FY25 real/nominal growth came in line with market expectations. CSO projects 7.6% YoY growth in Q4 FY24, which would be difficult to achieve considering a higher base of 8.4% in Q3 FY24. We expect Q4 FY25 real GDP growth at 6.0-6.3%.