ICRA Estimates India’s Q4 FY25 GDP Growth at 6.9%, Projects Full-Year Growth at 6.3%. Economy Business | Dated: 25 May 2025 In May 2025, Gurugram (Haryana)-based ICRA Limited, a credit rating agency, projected India’s Gross Domestic Product (GDP) growth at 6.9% for the fourth quarter (Q4) of Financial Year 2024–25 (FY25), rising from 6.2% in Q3 FY25. 🎯 Key Highlights: - The agency also estimated the full-year FY25 GDP growth at 6.3%, a decline from 9.2% in FY24. 💡 Other Important Facts: (i) ICRA has projected the Gross Value Added (GVA) growth at 6.3% for Q4 FY25, slightly higher than the 6.2% recorded in Q3 FY25. This indicates a marginal improvement in the overall value of goods and services produced in the economy during the final quarter of the fiscal year. (ii) For the full fiscal year FY25, GDP and GVA growth are expected to moderate to 6.3% and 6.2%, respectively. This marks a decline from the 9.2% GDP and 8.6% GVA growth rates reported in FY24, reflecting a normalization after the post-pandemic rebound. (iii) On the sectoral front, Industrial GVA is estimated to grow at 4.8% in Q4 FY25, rising from 4.5% in the previous quarter but falling short of the 9.5% seen in Q4 FY24. Meanwhile, Manufacturing GVA remained stable, registering a growth of 3.5% in Q4 FY25, indicating consistent but modest performance in the manufacturing sector. 📚 Test Your Knowledge: Recently, what GDP growth rate has ICRA projected for India for the fourth quarter (Q4) of FY25? Correct Answer: 6.9% 🚀 Quick Recap: