For India’s GDP data to be out of today: Will the fourth largest economy overcome estimates?

The Indian economy may have placed a flexible front in the ongoing geopolitical crises, and is expected to grow within 6.2-6.4 percent in the year 2024-25 (March). While predictions differ, it is possible that the GDP growth of FY25 can decrease a little from previous estimates.

The Ministry of Statistics will issue estimates of GDP from 2024-25 and GDP in March on Friday. The second official estimate by the National Statistical Office had linked FY25 to 6.5 percent with implicit forecast of 7.6 percent for the fourth quarter of the fiscal year. The Indian Reserve Bank expected, at the Monetary Policy Committee meeting in April, that the GDP growth rate would be 25.5 percent.

According to the SBI report, the GDP growth is likely to be 6.3 per cent, while the fourth quarter is expected to grow at 6.4-6.5 percent. The report stated that the Indian economy remained “largely flexible” in the face of global growth expectations and the rise in geopolitical risks. He added that India appears to have adopted fluctuation when dropping the hat.

ICRA expects the fourth quarter to grow by 6.9 per cent, while CareDE expects 6.8 percent growth. ICICI and the Indian Federation Bank linked the growth of March 2025 by 7 percent.

Meanwhile, the Reuters report, which was also conducted by its poll, stated that the economic growth of India has probably accelerated in the Arish neighborhood in March, with the support of the strongest rural demand and increased government spending. However, private companies delayed investments due to global uncertainty. GDP is expected to grow by 6.7 percent year on a quarterly basis, an increase of 6.2 percent in the previous quarter, as mentioned after the economic poll.

The declaration of GDP growth rate comes at a time when India has exceeded Japan to become the fourth largest economy in the world. Quoting the data of the International Monetary Fund, Subrahmanyam confirmed this teacher during a press conference after the meeting of the Tenth Governing Council for the Tank of Political Thought. “We are the fourth largest economy and I am speaking. We are a $ 4 trillion economy,” he said, highlighting India’s upward momentum in the global economic system. Only the United States, China and Germany are now in the next. Superhamaniam attributed the rise of India to the favorable geopolitical and economic conditions, and expected that India will climb to the third place during the next three years. He said, “If we seek what is planned and what is being thoughtful, within 2.5 to 3 years, we will be the third largest economy,” he said.