Jammu Tawi, Feb. 18 -- India's gross domestic product (GDP) likely grew at a relatively accelerated pace of 6.4% in the October-December quarter (Q3) of the current financial year 2024-25 from seven-quarter low of 5.4% in the previous quarter on the back of enhanced government spending, research and rating firm ICRA said in a report on Tuesday.

Further, the growth in the gross value added (GVA) is estimated to record a relatively broad-based improvement to 6.6% in Q3 from 5.6% in Q2 FY2025, driven by the industrial, services and agricultural sectors.

"On a sombre note, the GDP and GVA growth in Q3 FY2025 is foreseen to continue to trail the NSO's initial growth estimates for Q1 FY2025 (+6.7% and +6.8%, respectively), which had seen som...