New Delhi, 27 February (HS): Gross Domestic Product (GDP) figures for the third quarter of the current financial year 2024-25 will be released tomorrow. India's GDP growth rate is expected to remain positive in the October-December quarter. Experts believe that it may remain in the range of around 6.3-6.4 percent in the third quarter.

Official sources said on Thursday that the country's GDP figures for the third quarter of the current financial year ending December 31, 2024 are likely to be released on February 28 at 4 pm. Economic experts said that the country's GDP growth rate is likely to increase to 6.3 percent in the October-December quarter due to high government spending.

At the same time, most rating agencies have projected GDP growth to be 6.3-6.5 percent for the October-December quarter. India Ratings has given the highest GDP growth forecast of 6.5 percent for the third quarter of the current financial year, while Nomura has given the lowest estimate of 5.8 percent. Apart from this, in other estimates, Bank of Baroda and State Bank of India expect the Indian economy to grow at the rate of 6.4 percent and 6.2-6.3 percent respectively in the third quarter. Rating agency ICRA has forecast 6.4 percent GDP growth.

The growth rate of the country's economy was 6.7 percent in the first quarter (April-June) of the current financial year, but due to the reduction in the capital expenditure of the government due to the general elections and weak consumption demand, it slowed down to 5.4 percent in the second quarter of July-September, the lowest level in seven quarters.

Hindusthan Samachar / Jun Sarkar