The State Bank of India’s (SBI) report on India’s economy has estimated that the country’s GDP growth rate may be 6.3 per cent in the current financial year 2024-25. This estimate has been made given the domestic demand and stable rural economy. SBI studied 36 economic indicators and has estimated GDP growth to be between 6.2 per cent to 6.3 per cent in the third quarter.

The report says that the economy is getting strengthened due to increased spending in villages. The rural economy and decreasing inflation are bringing stability. At the same time, improvement has also been seen in capital expenditure, agriculture, manufacturing, and service sectors. Earlier, India’s GDP growth was 8.6 per cent in the July-September 2023 quarter. The Government of India will release the data for the October-December quarter on 28 February.

GDP is one of the most common indicators that is used to track the health of a country’s economy. It represents the value of all goods and services produced within a country during a specific time period. It also includes goods produced by foreign companies within the country’s borders.

Additionally, according to the National Statistical Office (NSO), ‘real’ and ‘nominal’ GDP growth rates for........

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