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The projected growth rate of real gross value added (GVA) has also slowed to 6.4% in 2024-25, compared to 7.2% in 2023-24. Like GDP, GVA was also at its lowest since 2020-21 when it fell by -4.1%. Actual GVA is estimated at ₹168.91 lakh crore, compared to ₹158.74 lakh crore last year. Real GVA of agriculture and allied sector is estimated to grow by 3.8% during 2024-25 as against only 1.4% during the previous year. However, the estimated growth rate in mining and quarrying fell to only 2.6% from 6.3% earlier.
India's real gross domestic product (GDP) growth is projected to slow to 6.4% in fiscal year 2024-25, compared to 8.2% in 2023-24, according to government data released on December 7, 2025. This is the slowest annual GDP growth rate since the pandemic, when it fell to -5.8% during 2020-21. According to the data released by the National Statistical Office (NSO) of the Ministry of Statistics and Programme, the real GDP is estimated to reach Rs 184.88 lakh crore this year as compared to the provisional estimate of Rs 173.82 lakh crore during the previous year.
The projected growth rate of real gross value added (GVA) has also slowed to 6.4% in 2024-25, compared to 7.2% in 2023-24. Like GDP, GVA was also at its lowest since 2020-21 when it fell by -4.1%. Actual GVA is estimated at ₹168.91 lakh crore, compared to ₹158.74 lakh crore last year. Real GVA of agriculture and allied sector is estimated to grow by 3.8% during 2024-25 as against only 1.4% during the previous year. However, the estimated growth rate in mining and quarrying fell to only 2.6% from 6.3% earlier.
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