Page 16 - Policy Economic Report_Mar'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Key Highlights of Second Advanced Estimates released by NSO: -

? Real GDP has been estimated to grow by 6.5% in FY 2024-25. Nominal GDP is expected to
witness a growth rate of 9.9% in FY 2024-25. Both the growth rates are revised upward from
their respective First Advance Estimates.

? Real GDP is estimated to attain a level of ?187.95 lakh crore in the financial year 2024-25,
against the First Revised Estimate (FRE) of GDP for the year 2023-24 of ?176.51 lakh crore. The
growth rate in Real GDP during 2024-25 is estimated at 6.5% as compared to 9.2% in 2023-24.
Nominal GDP is estimated to attain a level of ?331.03 lakh crore in the year 2024-25, against
?301.23 lakh crore in 2023-24, showing a growth rate of 9.9%.

? Real GVA is estimated at ?171.80 lakh crore in the year 2024-25, against the FRE for the year
2023-24 of ?161.51 lakh crore, registering a growth rate of 6.4% as compared to 8.6% growth
rate in 2023-24. Nominal GVA is estimated to attain a level of ?300.15 lakh crore during FY
2024-25, against ?274.13 lakh crore in 2023-24, showing a growth rate of 9.5%.

? ‘Construction’ sector is estimated to observe a growth rate of 8.6%, followed by ‘Financial, Real
Estate & Professional Services’ sector (7.2%) and ‘Trade, Hotels, Transport, Communication &
Services related to Broadcasting’ sector (6.4%) during 2024-25.

Figure 8: Annual GDP Estimates along with Y-o-Y Growth Rates at Constant Prices

Source- RBI Page | 15

March 2025