India’s GDP grew +7.8% YoY (vs 6.7% YoY expected) in Q1 FY2025–26 (Q2 2025), accelerating from +6.5% in Q1 last year and +7.4% YoY in the previous quarter, with broad-based strength across industry and services.
Nominal GDP rose +8.8% YoY to 86.05 lakh crore, while Real GVA increased +7.6% YoY (vs +6.5% a year earlier).
Agriculture & allied sector expanded +3.7% YoY, up from +1.5% in Q1 FY2024–25.
Secondary sector growth was led by manufacturing (+7.7% YoY) and construction (+7.6% YoY), while mining & quarrying contracted -3.1% and utilities rose just +0.5%.
The tertiary sector grew strongly at +9.3% YoY (vs +6.8% last year), making the largest contribution to overall growth.
Real PFCE rose +7.0% YoY (vs +8.3% last year), while GFCF increased +7.8% YoY (vs +6.7%), signaling resilient investment momentum.
India’s GDP grew 7.4% YoY in Q1 2025, accelerating from 6.4% YoY in Q4 2024 and ahead of expectations a 6.7% YoY gain.
In India’s FY 2024-2025, real GDP growth was 6.5% and nominal GDP growth was 9.8% YoY.
Real private consumption increased 6.0% YoY in Q1 2025, down from 8.1% YoY in Q4 2024.
GFCF growth accelerated to 9.4% YoY in Q1 2025, up from 5.2% YoY in Q4 2024.
Real Gross Value Added (GVA) increased 6.8% YoY, up from 6.5% YoY previously.
The sectors with the strongest GVA growth included construction (+10.8% YoY), public administration (+8.7% YoY), and financial & professional services (+7.8% YoY).
Manufacturing sector GVA saw a sharp deceleration from the same period last year, up 4.8% YoY in Q1 2025 when the sector was up 11.3% YoY in Q1 2024.
Growth was strong across all sectors but especially the tertiary sector: primary (+5.0% YoY), secondary (+6.8% YoY), tertiary (+7.3% YoY).