India's economy grows by 6.5% year-on-year
Forecast for the next financial year – growth by 6.2 per cent
According to a new report by one of India's rating agency, in the fourth quarter of the 2024-2025 financial year, the country's real GDP grew by 7.4 per cent, and annual growth was 6.5 per cent, exceeding analysts' expectations. This is reported by ANI, a partner of TV BRICS.
Although growth slowed compared to the average of 8.4 per cent for the previous two years, the fundamentals of the economy remain strong, the agency writes. The forecast for 2025–2026 is 6.2 per cent.
The main drivers of growth were the service and construction sectors. The latter showed particularly high growth rates, up 10.8 per cent in the last quarter.
Investment activity also increased in the fourth quarter of the 2024–2025 financial year. This was facilitated by private sector initiatives and government projects. The main beneficiaries were the manufacturing industry and the electric power sector.
Despite currency market volatility and rising oil prices, analysts expect a stable 2025–2026 financial year with moderate inflation, steady growth and further strengthening of investment activity.
Photo: iStock
-
![]()
Economy07.09.26Kazakhstan seeks to develop investment projects within BRICS -
![]()
Economy07.09.26Expert: Iran can strengthen BRICS financial and development cooperation -
![]()
Economy07.09.26BRICS+ accelerates trade through digital economy and technology sharing -
![]()
Economy05.09.26India to build 100 new airports over next 10 years -
![]()
Economy05.09.26Oman's net electricity generation increased by almost 5% in January–July 2026 -
![]()
Economy05.09.26Expert: BRICS plays growing role in shaping multipolar world
-
![Vladimir Putin]()
Vladimir PutinPresident of Russia"We are developing mutual trade, which is growing; it increased by over 12 per cent last year. We have a joint commission working in this sphere. Our focus is on agriculture, shipbuilding, information technology and energy, including nuclear power. We have signed a free trade agreement between the Eurasian Economic Union and Indonesia. Jakarta is our reliable and old friend within ASEAN. We are working together at all international platforms, including the UN" -
![Vladimir Putin]()
Vladimir PutinPresident of Russia"More and more Iranian students are choosing Russian education. We are very pleased about this. A great many future doctors are studying in Russia. In the 2025–2026 academic year, the number of Iranian students in Russia approached 10,000, with 802 of them studying at the expense of the Russian state budget" -
![Xi Jinping]()
Xi JinpingPresident of the People’s Republic of China"The foundation of our bilateral relations will only grow stronger, and we will confidently move forward to a better future. […] The striving of nations on our planet for peace, development, cooperation and mutual benefit remains unchanged. The vital mission of the Shanghai Cooperation Organisation is to maintain stability and promote the development of our region" -
![Alisher Salomov]()
Alisher SalomovAdviser to the Chairman of the National Committee for Ecology and Climate Change of the Republic of Uzbekistan"First and foremost, I would like to highlight the importance of this Central Asia–Russia initiative, because environmental problems know no borders, and only a shared understanding of these problems and the search for joint solutions can deliver positive results" -
![Joao Paulo Capobianco]()
Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification"
