GDP figures show India is back on the road to growth

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The National Statistics Office’s (NSO) provisional estimates peg India’s gross domestic product (GDP) growth at 6.5 per cent for 2024-25, with the fourth quarter growing at a blistering 7.4 per cent. The first and second advance estimates, which were based on limited data, had projected 6.4 per cent and 6.5 per cent, respectively. The positive surprises in GDP revisions seen in the past three fiscals may end here, at least for now. The economy seems to be realigning with its long-term trend growth. The decadal average growth before the Covid-19 pandemic was 6.6 per cent. Advertisement For 2023-24, the first...