India's gross domestic product (GDP) growth for the fourth quarter of FY2024–25 is projected at 6.9%, according to leading credit rating agency ICRA. While this indicates a modest rebound from Q3’s 6.2% growth, it falls significantly short of the 7.6% expansion implied by the National Statistical Office’s (NSO) full-year forecast of 6.5%. ICRA now expects GDP for FY25 to grow by 6.3%—below the government’s estimate—citing weak private consumption, uneven investment activity, and a divergence in export performance.