Annual GDP Estimates (FY 2024–25)

Current Context: National Statistics Office (NSO) released Provisional Estimates of Annual Gross Domestic Product (GDP) and Quarterly GDP (Q4) for FY 2024–25.

ABOUT Provisional GDP Estimates

Gross Domestic Product (GDP):

• Definition: The total value of all final goods and services produced within a country’s borders in a specific time period. It is a primary indicator of economic health.

Real GDP:

• Definition: GDP measured at constant prices (base year 2011–12), adjusting for inflation. Reflects actual growth in volume of production.

Nominal GDP:

• Definition: GDP measured at current market prices, without adjusting for inflation. Reflects both price and output changes.
• Real GDP Growth
  • FY 2024–25: Estimated at ₹187.97 lakh crore (constant 2011–12 prices), growing by 5% over FY 2023–24.
  • Q4 FY 2024–25: Real GDP at ₹51.35 lakh crore, up 4% YoY (from ₹47.82 lakh crore in Q4 FY 2023–24).
• Nominal GDP Growth
  • FY 2024–25: Estimated at ₹330.68 lakh crore (current prices), a 8% increase from ₹301.23 lakh crore in FY 2023–24.
  • Q4 FY 2024–25: Nominal GDP at ₹88.18 lakh crore, growing 8% YoY.