India’s economic engine closed the year 2024 on a strong note, with GDP growth reaching an impressive 7.4% in the fourth quarter. This marks a significant upturn from the 6.2% growth recorded in the previous quarter and indicates a robust recovery trajectory for Asia's third-largest economy, according to data updated on May 30, 2025.
The latest GDP figures are encouraging, as they highlight a stark improvement in India's economic performance on a year-over-year basis. Compared to the corresponding period last year, the fourth quarter's performance demonstrates an accelerated rebound encompassing key sectors such as manufacturing, services, and exports.
This substantial increase reflects India's economic resilience in the face of global challenges, including geopolitical tensions and supply chain disruptions. As we move further into 2025, stakeholders are closely watching how India maintains this growth momentum and addresses potential hurdles to sustain its economic revival.
