India's GDP growth could be in the fourth quarter of FY 2024-25 6.8-7 percent: Report

New -Delhi, May 16 (IANS). The growth rate of India’s economy could be between 6.8-7 percent in the fourth quarter of FY 2024-25. The reason is to perform well for the agricultural sector. This information was given in the Bank of Baroda report released on Friday. The growth rate for the entire financial year is estimated between 6.2 percent to 6.4 percent. The report said that the economy of India will continue to perform well compared to its global peers. The reason for this is to be a strong base. According to the report, the growth rate in FY 2026 could remain at the same level of 6.4-6.6 percent. However, a geopolitical conflict and global rates can have a negative effect on estimates. The report said that a strong growth of 7.7 percent in the agricultural sector is expected in the fourth quarter of FY 2025. This will increase significantly higher than a 0.9 percent increase recorded in the fourth quarter of FY 2024. The reason for this is the record increase in food production. The growth rate in the fourth quarter of FY 25 is estimated at more than the third quarter. There may be inequality in the growth of sectors. Some sectors can perform very well. At the same time, the execution of some sectors may remain soft. The growth rate of the mining sector is estimated at 1.5 percent in the fourth quarter of FY 25, which was 0.8 percent in the same period last year. On the other hand, the increase in the manufacturing sector is likely to be reduced to 1.8 percent. It was 11.3 percent in the fourth quarter of FY 24. This is due to partially detrimental basis and poor corporate income. The growth rate of the power sector is estimated at 5.5 percent in the fourth quarter of FY 25, which was 8.8 percent in the same period last year. The report said that due to a good monsoon in FY 26, there could be a surge in rural demand. Apart from this, consumer consumption may increase due to the increase in the release of income tax in the new tax regime. According to the report, the falling inflation in FY 26 will increase the growth rate and the low price of commodity will support the growth rate. -Ians ABS/ Share This Story Tags