Ministry of Finance has noted in a latest monthly update that India’s economic momentum was sustained in the first quarter of FY25. With a cumulative real GDP growth of around 27 per cent from FY21, the economy had not only regained the ground lost during the pandemic but also achieved transformational changes in many productive sectors by the end of FY24. Building on this base, India’s GDP at constant prices grew by 6.7 per cent in Q1FY25. Growth in all major non-agricultural sectors stayed well above 5 per cent in Q1, indicating broad-based expansion. With the advancing monsoon, kharif sowing has also picked up, brightening prospects of agricultural production.
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