The Indian real gross domestic product (GDP) growth rate dipped to 5.4 % in the July-September quarter of 2024 compared to the 2023 July-September quarter growth rate of 8.1 %. The mining and quarrying sector was the only sector which recorded a negative growth of 0.1 %.

The Indian economy's second-quarter growth rate was lower than the Reserve Bank of India's forecast of 7 per cent.

India's real GDP growth rate was estimated at 6.0% in the first six months (April-September) of 2024, compared to 8.2 % in the first six months of the previous 2023-24 financial year.

The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the latest data on 29 November 2024.

Growth Rate in Q2 (July-Septemeber) 2024-25

Real GDP Growth Rate

The country's Real GDP, or GDP at constant price with the base year 2011-2012, was Rs 44 lakh crore, with a growth rate of 5.4%.

Nominal GDP Growth Rate

The Nominal GDP or the GDP at the current price was Rs 76.60 lakh crore with a growth rate of 8.0%

Real Gross Value Addition (GVA)

The Real GVA of the Indian economy was Rs 40.58 lakh crore with a growth rate of 5.6%.

Nominal GVA growth

The Nominal GVA of the Indian economy was Rs 69.54 lakh crore with a growth rate of 8.1%.

GVA=GDP + subsidies on products – taxes on products

Growth Rate in the first six months (July-September) 2024-25

Real GDP- Rs 87.74 lakh crore, a growth rate of 6.0%.
Nominal GDP- Rs 153.91 lakh crore, a growth rate of 8.9%.
Real GVA- Rs 81.30 lakh crore, a growth rate of 6.2%.
Nominal GVA- Rs 139.78 lakh crore, a growth rate of 8.9%.

Growth Rate of GVA at constant price (base year 2011-12)

Following are the growth rates of the various sectors of the Indian economy in the first two quarters and the first six months of the financial year 2024-25.

Industry	Growth Rate in Q1(April-June) 2024-25	Gorwth Rate in Q2 (July-Septemeber )2024-25	Growth Rate in first six months of 2024-25
Primary	2.7%	3.0 %	2.8 %
1. Agriculture, Livestock, Forestry and fishing,	2.0%	3.5%	2.7 %
2. Mining and quarrying	7.2 %	-0.1 %	3.9 %
Secondary	8.4%	3.9%	6.1 %
1. Manufacturing	7.0%	2.2%	4.5 %
2. Electricity, Gas, Water supply and other Utility Services,	10.4 %	3.3 %	6.8 %
3. Construction	10.5 %	7.7%	9.1 %
Tertiary	7.2%	7.1%	7.1 %
1. Trade, Hotels, Transport, Communication and Services related to Broadcasting,	5.7%	6.0%	5.9 %
2. Financial, Real Estate & Professional Services	7.1%	6.7%	6.9 %
3. Public Administration, Defence & Other Services.	9.5 %	9.2%	9.3 %