Second Advance Estimates of National Income, 2024-25

Current Context: The report is titled "Second Advance Estimates of National Income, 2024-25." It was released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), on February 28, 2025.

Contents of the Report:

• Estimates India’s real GDP growth at 6.2% for Q3FY25 (October-December 2024), compared to 9.5% in Q3FY24.
• Projects full-year FY25 GDP growth at 6.5%, up from 6.4% in the First Advance Estimates.
• Highlights sector performance: strong private consumption (6.9%) and government spending (8.3%), but weaker manufacturing (3.5%).
• Revises FY24 GDP growth upward to 9.2% from 8.2%.
• Indicates Q4FY25 growth needs to be around 7.6% to meet the 6.5% annual target.

Question:

Q.1 According to the "Second Advance Estimates of National Income, 2024-25, what is India's estimated real GDP growth for Q3FY25 (October-December 2024)?
a) 7.4%
b) 8.2%
c) 6.2%
d) 9.5%

Answer: c) The Second Advance Estimates project India's real GDP growth at 6.2% for Q3FY25, a decline from 9.5% in Q3FY24.