India’s GDP growth slows to 5.4% in Q2 2024-25: Govt data

In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24.

Similarly, Real Gross Value Added (GVA) also slowed down to 5.6% in the second quarter of 2024-25, as compared to 7.7% in 2023-24.

Nominal GVA also dropped to 8.1% this time compared to 9.3% during the same quarter of the previous year.

The agriculture, livestock, forestry, and fishing sector saw its growth rate more than double, reaching 3.5% this quarter, as compared to just 1.7% last year.

However, manufacturing and mining tanked the most.

The growth rate of manufacturing fell to just 2.2% from 14.3% in the second quarter of last year.

The mining and quarrying sector was the only one which registered a negative growth rate this time of -0.1%. It grew 11.1% last year.

To top off all the woes, the growth rate of electricity, gas, water supply, and other utility services also fell drastically, reflecting a huge fall in consumption. It fell from 10.4% last year to just 3.3% this year.