Day 7
Reports & IndicesSkim2025-02-28
Second Advance Estimates of GDP for FY 2024-25
What Happened
On February 28, 2025, the National Statistical Office (NSO) released the Second Advance Estimates projecting India's real GDP growth at 6.5% and nominal GDP growth at 9.9% for FY 2024-25. The release also included the First Revised Estimates for FY 2023-24, which updated the previous year's real GDP growth to 9.2%.
Why It Matters
These official projections serve as a critical macroeconomic barometer, enabling policymakers, investors, and the RBI to assess economic momentum and fine-tune fiscal and monetary strategies.
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