Despite geopolitical headwinds India’s growth at 6.2% in Q3 FY 2024-25 reflects India’s resilience and the effectiveness of policies, said Mr. Hemant Jain, PHDCCI, in a press statement issued here today .

The growth is largely driven by the strong performance of agriculture and allied sectors, which saw a growth rate of 5.6% in Q3 FY25. This rebound is expected to boost farmers’ income and further enhance agricultural productivity and rural growth, said Mr. Jain .

The tertiary sector has emerged as a key growth engine, showing an impressive 7.4% growth in Q3 FY25. Services such as trade, hotels, transport, communication, and broadcasting services have witnessed high growth of 6.7%, said Mr. Jain.

This indicates a vibrant services sector that continues to expand, creating new avenues for employment and economic development, said Mr. Jain.

Private final consumption expenditure grew by 6.9% in Q3 FY25; showing steady increase in consumer spending and strength to demand trajectory, said Mr. Jain.

The manufacturing sector grew steady at 3.5%, reflecting the continued strength of India’s manufacturing sector reforms, said Mr. Jain.

The construction sector remains a strong support to India’s economic growth, showing consistent growth of 7% in Q3 FY25, said Mr. Jain.

This sector not only generates significant employment across various skill levels but also acts as a catalyst for infrastructure development, said Mr. Jain

The electricity, gas, water supply, and other utility services grew by 5.1% in Q3 FY 2024-25, indicating strong support for the manufacturing sector through enhanced infrastructure and energy, said Mr. Jain.

The robust performance of India’s gross fixed capital formation (GFCF) at 27.6% of GDP for Q3 FY25 indicates sustained capacity expansion, said Mr. Jain.