Business

India’s GDP Expands 6.2% in Q3 FY25; FY25 Growth Outlook Adjusted to 6.5%

Published

1 year ago

March 1, 2025

According to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday, India’s real GDP is expected to grow by 6.2% in the third quarter (Q3) of FY 2024-25. This represents an increase from the 5.4% growth recorded in the previous quarter.

The construction sector showed the most significant growth at 8.6%, while the financial, real estate, and professional services sectors followed with a 7.2% increase. Additionally, industries related to trade, hotels, transport, communication, and broadcasting registered a growth of 6.4%. Private final consumption expenditure also saw a notable rise of 7.6%, indicating a resurgence in consumer spending.

Consequently, the government has adjusted its full-year real GDP growth forecast for FY25 to 6.5%, up from the previous estimate of 6.4%. For the entire fiscal year 2024-25, the Indian economy is anticipated to grow at 6.5% in real GDP terms, a revision from earlier projections. Nominal GDP is expected to rise by 9.9%, indicating ongoing economic growth.

Sujan Hajra, Chief Economist & Executive Director at Anand Rathi Group, noted that the lower growth figures were partially influenced by an unfavorable base effect, as the GDP numbers for the same quarter last year were revised upward from 8.6% to 9.5%. He added, “Despite robust private consumption, the growth in investment has further diminished compared to our expectations. The decrease in GDP can also be attributed to discrepancies that accounted for negative 1.05 lakh crore.”

It’s worth mentioning that GDP growth was at 8.6% in Q3FY24, tapering off to 7.6% in Q4FY24, and subsequently moderating to 6.7% in Q1FY25, followed by a surprising drop to 5.4% in Q2FY25, which caught many analysts off guard.

The Reserve Bank of India (RBI) has estimated an annual growth rate of 6.6% for the current fiscal year, ending in March 2025. Additionally, the RBI has projected GDP growth for FY26 at 6.7%, with quarterly estimates of 6.7% for Q1FY26, 7% for Q2FY26, and 6.5% for both Q3FY26 and Q4FY26.

Business

Key Rules for Transferring Inherited Property

Published

3 weeks ago

February 15, 2026

Namma Kudla

Business : After the death of parents, legal heirs are eligible to inherit their property. However, certain procedures must be followed before the transfer is completed in India.

Heirs must file the deceased person’s income tax return for the year of death and pay any pending taxes. There is no estate tax on inherited property in India, but any income earned from it, such as rent or interest, is taxable.

If the property is sold, capital gains tax will apply based on the difference between the original purchase price and the selling price. Clearing any outstanding loans linked to the property is also mandatory.

Important documents such as the will, succession certificate, death certificate, and property valuation report should be kept ready to ensure a smooth transfer process.

Business

Does Bank Open Or close on February 14 in India?

Published

3 weeks ago

February 13, 2026

Namma Kudla

New Delhi: Banks across India will remain closed on February 14 as it falls on the second Saturday of the month. The holiday is part of the official schedule released by the Reserve Bank of India, which requires banks to shut on the second and fourth Saturdays and all Sundays.

Customers are advised to finish important financial tasks early to avoid last-minute trouble. Every year, the RBI publishes a holiday calendar that lists national holidays, regional festivals, and other scheduled closures.

In February, banks in some states will also close for regional occasions such as the birth anniversary of Chhatrapati Shivaji Maharaj and Statehood Day in Mizoram and Arunachal Pradesh.

Even though bank branches will remain closed, digital services like ATMs, internet banking, and UPI will continue to work normally.

Business

India May Buy More Oil From Venezuela Instead of Russia

Published

1 month ago

January 31, 2026

Namma Kudla

Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.