At the current exchange rate of 85 rupees to a dollar, India’s GDP in FY25 will be $3.8 trillion. If India’s exchange rate had not fallen from around 61 rupees to a dollar in 2014 then today, India could have boasted of becoming a $5 trillion economy ($5.

India forecast annual growth of 6.4% in the year ending in March, the slowest in four years and below the lower end of government's initial projection, dragged by a weaker manufacturing sector and slower corporate investments.

Gross value added (GVA), a critical measure that excludes indirect taxes and subsidies, is expected to match GDP growth at 6.4%. Meanwhile, nominal GDP, the foundation for budget calculations, is anticipated to rise by 9.

India’s government lowered its economic growth projection for the fiscal year to the weakest since the pandemic after consumers cut back on spending and public investment slowed.

The Indian economy, Asia's third largest after China and Japan, grew 8.2% in 2023/24 and 7% in 2022/23. In nominal terms, which include inflation, the economy is expected to grow 9.7%, compared with the 10.5% estimate in the annual federal budget announced in February 2024.

Real GVA for FY 2024-25 is estimated to be INR 168.91 lakh crore, compared to INR 158.74 lakh crore in FY 2023-24, which implies a growth rate of 6.4 per cent. This is especially lower than the 7.2 percent real GVA growth achieved in the previous financial year.

India's GDP is projected to grow 6.4% in 2024-25, down from 8.2% in 2023-24, due to reduced investment, impacting fiscal and monetary policies ahead.