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NSO Releases Provisional Annual GDP Estimates for FY25 and Quarterly GDP Data for Q4 FY25.

Economy Business | Dated: 04 Jun 2025

In May 2025, the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) released the Provisional Estimates (PE) of India’s Gross Domestic Product (GDP) for the Financial Year 2024-25 (FY25) and the Quarterly Estimates of GDP for the 4th Quarter (Q4: January–March) of FY25, along with its expenditure components.

🎯 Key Highlights:

  • - As per the latest NSO data, India’s Real GDP is estimated to have slowed to a 4-year low at 6.5% for the full FY25, aligning exactly with the NSO’s Second Advance Estimates (SAE) released in February 2025.
  • - This figure is 10 basis points (bps) lower than the Reserve Bank of India (RBI)’s projection of 6.6% for the full FY25.
  • - India’s Real GDP grew by 7.4% in Q4FY25, the fastest quarterly growth of the year, driven primarily by industrial expansion in manufacturing (+4.8%), construction (+10.8%), and mining (+2.5%); additionally, the NSO revised the Q3FY25 GDP growth estimate upward from 6.2% to 6.4%.

💡 Other Important Facts:

  • (i) Real GDP (GDP at Constant 2011-12 Prices) is estimated at ₹187.97 lakh crore in FY25, up from ₹176.51 lakh crore reported in the First Revised Estimates (FRE) for FY24.
  • (ii) Nominal GDP recorded a growth rate of 10.8% in Q4 FY25, reaching an estimated ₹88.18 lakh crore, compared to ₹79.61 lakh crore in Q4 FY24.
  • (iii) Real Gross Value Added (GVA) grew by 6.8% in Q4 FY25, down from 7.3% in Q4 FY24. The GVA is estimated at ₹45.76 lakh crore in Q4 FY25, compared to ₹42.86 lakh crore in Q4 FY24.

📚 Test Your Knowledge:

What was the estimated Real GDP growth rate for India in FY25 as per NSO’s Provisional Estimates?

Correct Answer: 6.5%

🚀 Quick Recap: