Mumbai, June 2 -- India's economy has maintained a steady growth trajectory, with Real GDP expanding by 6.5% in FY 2024-25. In nominal terms, GDP grew by 9.8% highlighting India's position as one of the fastest-growing major economies globally said Mr. Hemant Jain, President, PHDCCI, in a press statement. The growth was largely driven by healthy growth in private consumption, and capital formation. The Private Final Consumption Expenditure (PFCE) increased by 7.2%, while Gross Fixed Capital Formation (GFCF) rose by 7.1% in Q4FY2025, reflecting investment-led momentum said Mr. Jain.

GVA growth in Q4 was led by 10.8% growth in construction sector followed by public administration and defence-related services at 8.7%. Sectorial trends show ...