Mumbai, May 30 -- Ministry of Statistics data showed today that Indian economy grew at a rate of 7.4% in the fourth quarter of FY 2024-25. The government has pegged the full fiscal year GDP growth at 6.5% provisionally - coming at a four-year low and sharply below 9.2% in FY 2023-24. Nominal GDP has witnessed a growth rate of 9.8% in FY 2024-25. Despite the weak performance on the annual front, in the quarter ending March 2025, India's growth marked highest in the four quarters following robust industrial activity.

Data showed that 'Construction' sector is estimated to record a growth rate of 9.4% in FY 2024-25, followed by 8.9% growth rate in 'Public Administration, Defence & Other Services' sector and 7.2% growth rate in 'Financial, Re...