India's GDP Surges to 6.2% in Q3 FY25, Boosted by Government and Consumer Spending

India's economy grew by 6.2% in the October-December quarter of FY25, rebounding from 5.4% in the previous quarter. The growth was driven by increased government spending, which rose 8.3%, and private consumption, which jumped 6.9%. Agriculture output grew at a five-quarter high of 5.6%, while manufacturing expanded by 3.5%. The government has revised its full-year growth forecast to 6.5%, up from 6.4%. Despite the improvement, growth remains below the 8% pace needed to create sufficient well-paying jobs and generate economic prosperity.
Sources: Economic Times, Business Standard, CNBC-TV18