India’s Q4 FY25 GDP Likely to Hit Four-Quarter High, Powered by Agriculture

India’s economic momentum appears to have picked up in the final quarter (January–March) of FY25, potentially reaching the highest quarterly growth in a year, analysts said, attributing the rebound to strong agricultural output.

The boost in farm production is believed to have stimulated rural consumption, with positive spillovers into trade, transport, hotels, and the construction sector, all of which are showing robust performance indicators.

India’s growth in the first three quarters of FY25 stood at:

  • Q1: 6.5%
  • Q2: 5.6%
  • Q3: 6.2%

Analysts expect Q4 to surpass these figures, potentially touching or exceeding 7.6%, which the National Statistics Office (NSO) has implicitly assumed in projecting an overall 6.5% GDP growth rate for FY25.

The upbeat outlook marks a sharp recovery from the mid-year moderation, and highlights the importance of agriculture and rural demand in sustaining India’s economic trajectory, especially ahead of policy shifts and global uncertainties.

Economists will be closely watching the official data release to confirm if India’s rural-led growth model continues to provide resilience amid global headwinds.