India's economy experienced significant growth in the first quarter of 2025. The annual rate reached 7.4%, surpassing expectations. This growth occurred despite global economic uncertainties.
The gross domestic product for the quarter exceeded forecasts. Economists had predicted a growth of 6.7%. For the entire fiscal year 2025, the economy expanded by 6.5%.
Strong domestic consumption contributed to India's robust growth. The country's economy is also less dependent on exports. The International Monetary Fund projects India's economy to nearly overtake Japan's in 2025.