New Delhi, May 31 -- India's economy recorded strong growth in the fourth quarter of FY25, mainly due to a sharp rise in net indirect taxes, stated a report by the State Bank of India.

The report stated that India's GDP grew by 7.4 per cent in Q4 FY25. This growth came as a pleasant surprise and was higher than expected, supported by a 12.7 per cent increase in net indirect taxes.

The jump in tax collections significantly contributed to the overall expansion in economic activity during the quarter.

It said, "Q4 throws a pleasant surprise at 7.4 per cent buoyed by growth in net indirect taxes."

SBI has also projected a positive outlook for the Indian economy in the current financial year. It expects the country to remain the fastest-gr...