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India Macro Review: Q4FY25 GDP growth at 7.4% beats expectations

India’s GDP growth accelerated to a four-quarter high of 7.4% YoY in Q4FY25, up from a revised 6.4% in Q3, surpassing market expectations but slightly trailing the implied Q4 figure as per the CSO’s second advance estimate of 7.6%. This robust performance was driven by strong investment demand—evident in Gross Fixed Capital Formation growth (+9.4%) and record-high quarterly net exports—partly offset by lower-than-expected expansion in private consumption and slower (15-quarter low) growth in government spending. Rural demand showed resilience while urban demand indicators remained muted.

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Updates & Announcements

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The content for the following NCFM modules are getting revised. The effective date and the last date applicable for appearing for examinations as per the revised and the existing content respectively is provided in the Circular. Please click here to view the circular.

1. Securities Market (Advanced) Module
2. Derivatives Market (Dealers) Module

For any queries / assistance you may please write to us at ncfm@nse.co.in OR call us on NCFM Helpdesk number 022-68646464.

NSE Academy’s Certification in Financial Markets (NCFM) continuously upgrades its facility for testing and ensures that the tests are conducted in a secure and unbiased manner. Since inception, it has introduced new modules, increased its reach across the country.
In order to maintain the high standards of testing and offer many more value-added services to the candidates, the fee structure for the NCFM modules as per Table 1 stands revised with effect from January 10, 2024.
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