New Delhi, March 3, 2025: India’s GDP grew by 6.2% in the October-December quarter of 2024, rising from 5.6% in the previous quarter. The growth was driven by increased government and consumer spending, supported by a strong Kharif crop yield and a revival in rural demand.
To further boost the economy, the RBI cut the repo rate by 25 basis points to 6.25%, encouraging borrowing and investment. Additionally, the ongoing Maha Kumbh Mela in Prayagraj is expected to generate over ₹3 lakh crore in business, benefiting sectors like hospitality, transport, and retail. These factors are anticipated to strengthen India’s economic recovery in the coming months.
