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Hans India
31-05-2025
- Business
- Hans India
GDP growth at 4-yr low of 6.5% in FY25
New Delhi: India's economic growth slowed to 7.4 per cent in the January-March period and pulled down the annual growth rate for 2024-25 to a four-year low of 6.5 per cent, mainly due to the manufacturing sector, official data showed on Friday. The size of the Indian economy rose to Rs 330.68 lakh crore or about USD 3.9 trillion and set the stage for achieving the USD 5 trillion target in the next few years. In the previous 2023-24 fiscal year, the economy grew 9.2 per cent. China has registered an economic growth of 5.4 per cent in the first three months of 2025. The economic expansion was recorded at 7.4 per cent during January-March 2025, while it was 6.4 per cent in October-December 2024, 5.6 per cent in July-September 2024, and 6.5 per cent in the April-June quarter of the last financial year, according to economic estimates released by the National Statistics Office (NSO). The GDP had expanded by 8.4 per cent in the January-March quarter of 2023-24. The NSO, in its second advance estimate released in February, had projected the GDP growth for 2024-25 at 6.5 per cent. "Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 187.97 lakh crore in FY2024-25, against the First Revised Estimates (FRE) of GDP for the FY 2023-24 of Rs 176.51 lakh crore, registering a growth rate of 6.5 per cent. "Nominal GDP or GDP at Current Prices is estimated to attain a level of Rs 330.68 lakh crore in the FY 2024-25 against Rs 301.23 lakh crore in FY 2023-24, showing a growth rate of 9.8 per cent," NSO said in a release. NSO further said that real GDP or GDP at Constant Prices in the fourth quarter of 2024-25 is estimated at Rs 51.35 lakh crore against Rs 47.82 lakh crore in the year-ago quarter, registering a growth rate of 7.4 per cent. Nominal GDP in Q4 of FY2024-25 is estimated at Rs 88.18 lakh crore against Rs 79.61 lakh crore in Q4 of 2023-24, showing a growth rate of 10.8 per cent. Real gross value added (GVA) is estimated at Rs 171.87 lakh crore in the FY 2024-25, against the FRE for the FY 2023-24 of Rs 161.51 lakh crore, registering a growth rate of 6.4 per cent. Nominal GVA is estimated to attain a level of Rs 300.22 lakh crore during FY 2024-25 against Rs 274.13 lakh crore in FY 2023-24, showing a growth rate of 9.5 per cent. On an annual basis, the growth in the key manufacturing sector decelerated to 4.5 per cent from 12.3 per cent in 2023-24. However, in the agriculture sector, the output increased to 4.6 per cent in 2024-25 compared to 2.7 per cent in the preceding fiscal. During the fourth quarter, the manufacturing sector output slowed to 4.8 per cent from 11.3 per cent in the year-ago quarter. The construction segment grew 10.8 per cent in the quarter from 8.7 per cent in the corresponding period of 2023-24. The agriculture sector growth accelerated to 5.4 per cent from 0.9 per cent in the final quarter of the last fiscal. The electricity, gas, water supply, and other utility services segment grew 5.4 per cent during the fourth quarter down from 8.8 per cent in the year-ago period. GVA growth in the services sector -- trade, hotel, transport, communication and services related to broadcasting -- is estimated at 6 per cent in the fourth quarter marginally, lower than 6.2 per cent a year ago. Financial, real estate and professional services grew 7.8 per cent in the March 2025 quarter compared to 9 per cent in the year-ago period. Public administration, defence and other services posted almost flat growth at 8.7 per cent in the quarter.
The Print
30-05-2025
- Business
- The Print
Manufacturing pulls down Q4 GDP to 7.4 pc; FY25 growth to 6.5 pc: Govt data
In the previous 2023-24 fiscal year, the economy grew 9.2 per cent. The size of the Indian economy rose to Rs 330.68 lakh crore or about USD 3.9 trillion and set the stage for achieving the USD 5 trillion target in the next few years. New Delhi, May 30 (PTI) India's economic growth slowed to 7.4 per cent in the January-March period, and pulled down the annual growth rate for 2024-25 to a four-year low of 6.5 per cent, mainly due to the manufacturing sector, official data showed on Friday. China has registered an economic growth of 5.4 per cent in the first three months of 2025. The economic expansion was recorded at 7.4 per cent during January-March 2025, while it was 6.4 per cent in October-December 2024, 5.6 per cent in July-September 2024, and 6.5 per cent in the April-June quarter of the last financial year, according to economic estimates released by the National Statistics Office (NSO). The GDP had expanded by 8.4 per cent in the January-March quarter of 2023-24. The NSO, in its second advance estimate released in February, had projected the GDP growth for 2024-25 at 6.5 per cent. 'Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 187.97 lakh crore in FY2024-25, against the First Revised Estimates (FRE) of GDP for the FY 2023-24 of Rs 176.51 lakh crore, registering a growth rate of 6.5 per cent. 'Nominal GDP or GDP at Current Prices is estimated to attain a level of Rs 330.68 lakh crore in the FY 2024-25 against Rs 301.23 lakh crore in FY 2023-24, showing a growth rate of 9.8 per cent,' NSO said in a release. NSO further said that real GDP or GDP at Constant Prices in the fourth quarter of 2024-25 is estimated at Rs 51.35 lakh crore against Rs 47.82 lakh crore in the year-ago quarter, registering a growth rate of 7.4 per cent. Nominal GDP in Q4 of FY2024-25 is estimated at Rs 88.18 lakh crore against Rs 79.61 lakh crore in Q4 of 2023-24, showing a growth rate of 10.8 per cent. Real gross value added (GVA) is estimated at Rs 171.87 lakh crore in the FY 2024-25, against the FRE for the FY 2023-24 of Rs 161.51 lakh crore, registering a growth rate of 6.4 per cent. Nominal GVA is estimated to attain a level of Rs 300.22 lakh crore during FY 2024-25 against Rs 274.13 lakh crore in FY 2023-24, showing a growth rate of 9.5 per cent. On an annual basis, the growth in the key manufacturing sector decelerated to 4.5 per cent from 12.3 per cent in 2023-24. However, in the agriculture sector, the output increased to 4.6 per cent in 2024-25 compared to 2.7 per cent in the preceding fiscal. During the fourth quarter, the manufacturing sector output slowed to 4.8 per cent from 11.3 per cent in the year-ago quarter. The construction segment grew 10.8 per cent in the quarter from 8.7 per cent in the corresponding period of 2023-24. The agriculture sector growth accelerated to 5.4 per cent from 0.9 per cent in the final quarter of the last fiscal. The electricity, gas, water supply, and other utility services segment grew 5.4 per cent during the fourth quarter down from 8.8 per cent in the year-ago period. GVA growth in the services sector — trade, hotel, transport, communication and services related to broadcasting — is estimated at 6 per cent in the fourth quarter marginally, lower than 6.2 per cent a year ago. Financial, real estate and professional services grew 7.8 per cent in the March 2025 quarter compared to 9 per cent in the year-ago period. Public administration, defence and other services posted almost flat growth at 8.7 per cent in the quarter. PTI NKD CS NKD BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
30-05-2025
- Business
- News18
India's Q4 GDP Grows At 4-Quarter High Of 7.4%, Full FY25 Growth Hits 4-Year Low Of 6.5%
Last Updated: India's Q4 GDP Growth: Q4 GDP growth beats estimates and rises significantly higher than Q3, while the full FY25 economic growth remains the lowest in 4 years. India's gross domestic product (GDP) grew at a four-quarter high of 7.4 per cent in the fourth quarter ended March 2025, beating estimates, according to the latest official data released on May 30. However, for the full financial year 2024-25, the country's economic growth stood at 6.5 per cent, which is a 4-year low. In the previous quarter ended December 2024 (Q3 FY25), India's GDP growth had stood at 6.2 per cent. It had stood at 7.8 per cent in Q4 FY24. In the previous full FY2023-24, it had stood at 8.2 per cent, which was later revised upward to 9.2 per cent. Though the FY25 GDP growth is the lowest since FY21 (the COVID-19 year when the economic growth had hit -5.8 per cent), it is in line with the government's growth estimate of 6.5 per cent in the second advance estimates (SAE). The RBI had also projected 6.5 per cent GDP growth for the fiscal year 2024-25. With 6.5 per cent FY25 growth, India continues to be the world's fastest-growing major economy. The International Monetary Fund (IMF) also expects India's economic size to surpass Japan's by the end of the year, reaching $4.18 trillion. The Q4 GDP growth rate of 7.4 per cent remained the highest during the financial year 2024-25. The Indian economy in June, September and December quarters grew at 6.5 per cent, 5.6 per cent and 6.2 per cent, respectively. For Q4 FY25, analysts had estimated India's economic growth in the range of 6.4 per cent to 7 per cent. Q4FY25 GDP, GVA, Sector-Wise Growth Rates Nominal GDP, which factors in inflation, in Q4 FY25 grows 10.8 per cent in FY25. According to the latest data released by the National Statistical Office (NSO), India's real gross value added or GVA, which is GDP minus net product taxes and reflects growth in supply, grew 6.8 per cent year-on-year during January-March 2025 (Q4 FY25). Analysts have said India's growth momentum picked up in H2, the second half of the financial year, compared with the first half. One key reason for this is the increase in rural demand, supported by strong agricultural production. The agriculture sector grew 5 per cent during the latest March 2025 quarter, compared with 0.9 per cent a year ago. During Q4 of FY 2024-25, the 'construction' sector has witnessed 10.8 per cent growth rate. The manufacturing sector slowed to 4.8 per cent in Q4, against the 11.3 per cent recorded in the corresponding quarter last year. The country's trade, hotels, transport, communication & services related to broadcasting sector also slowed to 6.0 per cent, compared with 6.2 per cent a year ago. Full FY25 Economic Growth 'Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 187.97 lakh crore in FY 2024-25, against the First Revised Estimates (FRE) of GDP for the FY 2023-24 of Rs 176.51 lakh crore, registering a growth rate of 6.5%," according to an official statement. GDP in nominal terms, which factors in inflation, grows 9.8 per cent in FY25. For Q4 FY25, it said, 'Real GDP or GDP at Constant Prices in Q4 of FY 2024-25 is estimated at Rs 51.35 lakh crore, against Rs 47.82 lakh crore in Q4 of FY 2023-24, registering a growth rate of 7.4%." Nominal GDP in Q4 FY25 grows 10.8 per cent in FY25. Real GVA grew 6.4 per cent in the financial year 2024-25. The agriculture sector rose to 4.6 per cent during the full FY 2024-25, compared with 2.7 per cent a year ago. The manufacturing sector slowed to 4.5 per cent in FY25, against the 12.3 per cent recorded in the previous year. The country's trade, hotels, transport, communication & services related to broadcasting sector also slowed to 6.1 per cent, compared with 7.5 per cent a year ago. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! Location : New Delhi, India, India First Published: May 30, 2025, 16:04 IST
Daily Mail
25-04-2025
- Entertainment
- Daily Mail
Lorde produces first new music in four years
Lorde has released her first new music in four years. The singer partially filmed the music video for her new track What Was That en route to perform the single at Washington Square Park. The video includes footage from her performance on Wednesday that was canceled by New York police after the park became too crowded. She came out two hours after the scheduled start time with footage of her dancing to a recording of the song. What Was That is Lorde's first major release in almost four years, following 2021's Solar Power album. The track appears to provide some answers to the questions Lorde raised with an open letter she wrote to her fans in 2023. The singer, then 26, shared a newsletter titled How I've Been, Revised with her newsletter subscribers, hinting at relationship troubles with her long-term boyfriend Justin Warren. 'It might seem funny or be easy to forget, but I make records because I need to. The songs are spells; a spell to let go of something, a spell to unlock a door,' she wrote. 'There's actually great beauty in moving with it. But sometimes I'm sick of being with myself.' Lorde then said she wished she could turn back the clock and revealed she had stopped taking her medication. While her letter did not explicitly mention relationship troubles with her music executive boyfriend, fans were quick to speculate it meant the pair had broken up. They had been linked together since 2015. In What Was That, Lorde appears to be reflecting on the break down of the relationship that began in her teenage years. 'MDMA in the back garden, blow our pupils up,' she sings in the chorus. 'We kissed for hours straight, well, baby, what was that? 'I remember sayin' then, "This is the best cigarette of my life". 'Well, I want you just like that Indio haze, we're in a sandstorm and it knocks me out. I didn't know then that you'd never be enough. 'Oh since l was seventeen, I gave you everything. 'Now, we wake from a dream, well, baby, what was that?' Recently she has collaborated with Charli XCX on Girl So Confusing. Lorde performed the song with Charli at the first weekend of the Coachella festival earlier this month. The release of the single on Friday was met with joy on social media. 'This is soooooo 2014 of you,' the top comment reads, while another declares, 'this is the MOMENT.'
Daily Mail
25-04-2025
- Entertainment
- Daily Mail
Lorde sends fans into a frenzy by dropping first new single in four years: 'What Was That'
Lorde has sent fans into a frenzy by releasing her first solo single and video in four years. The New Zealand-born singer, real name Ella Yelich-O'Connor, partially filmed the music video for her new track 'What Was That' en route to perform the single at Washington Square Park. The video shows Lorde riding a bicycle around New York City and includes footage from her pop-up performance on Wednesday that was abruptly cancelled by New York police after the park became too crowded. She eventually came out two hours after the scheduled start time and set social media abuzz with footage of her dancing to a recording of the song. What Was That is Lorde's first major release in almost four years, following 2021's Solar Power album. The Melodrama-esque track appears to provide some answers to the questions Lorde raised with a distressing open letter she penned to her fans in 2023. The singer, then 26, shared a newsletter titled 'How I've Been, Revised' with her newsletter subscribers, hinting at relationship troubles with her long-term boyfriend Justin Warren. 'It might seem funny or be easy to forget, but I make records because I need to. The songs are spells; a spell to let go of something, a spell to unlock a door,' she wrote. 'There's actually great beauty in moving with it. But sometimes I'm sick of being with myself.' Lorde then said she wished she could turn back the clock and she had stopped taking her medication. While her distressing letter did not explicitly mention relationship troubles with her music executive boyfriend Justin Warren, fans were quick to speculate the letter meant she had broken up with him. The pair had been linked together since 2015. In the chorus of What Was That, Lorde appears to be reflecting on the break down of the tumultuous relationship. View this post on Instagram A post shared by Lorde (@lorde) What Was That ppears to provide some answers to the questions Lorde raised with a distressing open letter she penned to her fans in 2023 about her break up from Justin Warren 'MDMA in the back garden, blow our pupils up,' she sings. 'We kissed for hours straight, well, baby, what was that? 'I remember sayin' then, "This is the best cigarette of my life". 'Well, I want you just like that Indio haze, we're in a sandstorm and it knocks me out. I didn't know then that you'd never be enough. 'Oh since l was seventeen, I gave you everything. 'Now, we wake from a dream, well, baby, what was that?' The notoriously private pop star has shared relatively few updates with her fans since then, but her profile has been high in recent months thanks to her collaboration with Charli XCX on 'Girl So Confusing'. Lorde performed the song with Charli at the first weekend of the Coachella festival earlier this month. The release of the single on Friday quickly send Lorde's fans into a meltdown on social media. 'This is soooooo 2014 of you,' the top comment reads.
