ICRA has estimated India's GDP growth at 6.9% for the quarter ending March 31

Current Context: ICRA released its GDP growth estimate on May 19, 2025. The report projects 6.9% growth for the January-March 2025 quarter and 6.3% for the full fiscal year 2024-25, slightly below the 6.5% forecast by the National Statistics Office (NSO).

Key Insights

• Quarterly Growth: GDP grew 6.9% in Q4 FY25, reflecting improved services sector performance.
• Annual Growth: Estimated at 6.3% for FY 2024-25, below NSO’s 6.5% estimate.
• Sectoral Trends: Services sector exports saw strong growth, but merchandise exports contracted, impacting trade balance.
• Private Consumption & Investment: Uneven trends persist, with tariff-related uncertainties influencing growth.

Question:

Q.1 According to ICRA’s report released on May 19, 2025, what is the estimated GDP growth for Q4 (January–March) of FY 2024–25?
a) 6.3%
b) 6.5%
c) 7.1%
d) 6.9%

Answer: d) ICRA estimated GDP growth at 6.9% for Q4 FY25, mainly reflecting an improvement in the services sector performance.