New Delhi, May 29 -- India's economy is estimated to have grown by 7 per cent year over year in the fourth quarter of the financial year 2025, according to a recent report by ICICI Bank.

As per the ICICI Bank report, this marked a stronger growth momentum in the second half of the financial year compared to the first half, powered by a rise in government spending and a pick-up in rural demand, domestic travel and services exports.

The report stated, "In Q4FY25, we expect GDP growth at 7 per cent, which is much higher than GVA. This should take overall GDP growth for FY25 to 6.3 per cent."

It highlighted that India's growth momentum picked up in H2, the second half of the financial year compared with the first half. One key reason for t...