New -Delhi, May 21 (IANS). The country’s GDP growth is estimated at 7.2 percent in the fourth quarter of FY 2024-25, with a rapid increase in the agricultural sector and a sharp increase in pure indirect tax collection. This was said in a report that Barclay released. The most important economist Aastha Gudwani of Barclays said: “The forecasts of crop production indicate that the agricultural sector should improve on an annual basis. We will estimate grow at a rate of 5.8 percent of the agricultural GVA in the fourth quarter. The growth rate in the third quarter was 5.6 percent.” Meanwhile, Agriculture Minister Singh Chauhan announced on Monday that the grain production of the country has increased by 104 lakh ton to 1,663,91 Lakh ton in 2024-25, showing an increase of 6.83 percent. He said: “The production of Rabi Crop in 2023-24 was 1,600.6 Lakh ton, which is now 1,645,27 lakh ton.” Barclays estimates that GDP growth rate will be 7.2 percent in the fourth quarter due to a rapid increase in indirect tax collection. The growth rate for the entire financial year is estimated at 6.4 percent. The surge in indirect tax collection indicates strength in the manufacturing and service sector activities. Earlier, Moody’s ratings estimated that the growth rate of India was 6.3 percent in 2025 and said it would rise to 6.5 percent in 2026. Moody’s estimate is close to the IMF estimate, which in its April update is 6.2 percent of India’s growth rate. However, in 2025, the development estimate of both Barclays and Moody’s was less than a 6.5 percent estimate of the Central Statistics (COS). The CSO said the growth rate would be 7.6 percent in the fourth quarter. Economists estimate that the country’s GDP growth rate will be between 6.4 percent to 7.2 percent in the fourth quarter (January 2025) and between 6.3 and 6.4 percent during the entire financial year. The ICRA released a 6.9 percent development estimate for the fourth quarter and 6.3 percent for the entire financial year. ICRA chief economist Aditi Nair said: “In the fourth quarter of FY 2024-25, the tendency of personal consumption and investment activities continued to vary. Some contributions in the investment issue were also from tariff-related uncertainty. The execution of the service sector continued to increase the rate of double points.” Government figures from FY 2024-25 and the Fourth quarter GDP growth rate will be released on May 30. -Ians Ekde/
India’s GDP growth rate is 7.2 percent in the fourth quarter of 2024-25: Report
