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Q3 FY25 GDP grows at 6.2%; India sees ‘highest growth in 12 years’ in FY24 – top 10 data points to know – The Times of India

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Q3 FY25 GDP grows at 6.2%; India sees ‘highest growth in 12 years’ in FY24 – top 10 data points to know – The Times of India


The Real GDP or GDP at Constant Prices is projected to reach ₹187.95 lakh crore during fiscal year 2024-25. (AI image)

India Q3 GDP data FY 2024-25: The Indian economy saw the Gross Domestic Product (GDP) expand at 6.2% in the third quarter of the current financial year 2024-25, with economists stating that the worst of the slowdown is over. India’s GDP for the second quarter had slowed to 5.6% raising concerns on the growth prospects of the world’s fastest growing major economy.
Interestingly, the government data released by the Ministry of Statistics and Program Implementation also revises the full year GDP growth figures for FY 2023-24 to the ‘highest level in 12 years’ except for the post COVID year which was high due to the base effect. We take a look at the top 10 data points from the GDP growth numbers:
1.Real GDP growth for Q3: Real GDP is projected to have expanded by 6.2% during the third quarter of FY 2024-25. The Nominal GDP in Q3 of FY 2024-25 shows an estimated increase of 9.9%. Following an upward revision, the real GDP growth for the second quarter of financial year 2024-25 now stands at 5.6%.
2. Real GDP growth for FY 2024-25: The revised estimates indicate an upward adjustment in India’s real GDP growth, projected at 6.5% for FY 2024-25. Similarly, the nominal GDP growth forecast has been enhanced to 9.9% for FY 2024-25. These figures represent an improvement from the initial projections presented in the first advance estimates.
3. ‘Highest growth in 12 years’: According to the first revised estimates, real GDP expanded by 9.2% during the financial year 2023-24, marking the highest growth rate in the past 12 years, barring financial year 2021-22 (the post-covid year). This robust performance was driven by substantial growth across key sectors, with ‘Manufacturing’ achieving 12.3%, ‘Construction’ reaching 10.4%, and ‘Financial, Real Estate & Professional Services’ attaining 10.3%.
4.Per Capita Income: The Per Capita Net National Income, also known as Per Capita Income, calculated at current prices, shows figures of ₹1,69,145 for 2022-23 and ₹1,88,892 for 2023-24.
5. GDP growth slowdown year-on-year: GDP growth slowed to 6.2 per cent during October-December quarter of the current fiscal year, as against 9.5% in the same quarter of the previous fiscal year. This is primarily attributed to underperformance in mining and manufacturing sectors, whilst agriculture remained the sole bright spot. Nevertheless, when compared to the previous quarter’s growth of 5.6 per cent, the third quarter demonstrated an improvement in economic activity.
6. Real GDP for FY 25: The real GDP or GDP at Constant Prices is projected to reach ₹187.95 lakh crore during fiscal year 2024-25, compared to the first revised estimate of ₹176.51 lakh crore for 2023-24. The nominal GDP or GDP at Current Prices is expected to grow by 9.9%, reaching ₹331.03 lakh crore in 2024-25, up from ₹301.23 lakh crore in 2023-24.
7. Real GVA for FY 25: The real GVA is projected to reach ₹171.80 lakh crore in 2024-25, compared to the first revised estimate of ₹161.51 lakh crore for 2023-24, indicating a growth of 6.4%, which is lower than the 8.6% growth observed in 2023-24. The nominal GVA is expected to achieve ₹300.15 lakh crore in FY 2024-25, in contrast to ₹274.13 lakh crore in 2023-24, demonstrating a growth rate of 9.5%.
8. Quarterly Sector-wise data: The manufacturing sector’s GVA growth declined to 3.5 per cent in the third quarter, compared to 14 per cent in the corresponding period last year. The mining and quarrying sector experienced a slowdown, with growth reducing to 1.4 per cent from 4.7 per cent a year ago.
Construction activity witnessed a decrease in growth rate to 7 per cent, down from 10 per cent in the previous year. In contrast, the agricultural sector demonstrated remarkable performance with a 5.6 per cent growth during the quarter, significantly higher than the 1.5 per cent growth recorded in the same period last year.
The utility services segment, comprising electricity, gas, water supply and other services, registered a growth of 5.1 per cent in the third quarter, showing a decline from 10.1 per cent growth achieved in the corresponding period of the previous year.
9. Important annual projections: The construction sector is projected to expand by 8.6% in 2024-25. This is anticipated to be followed by a 7.2% growth in banking, property and business services. Additionally, the commerce, hospitality, logistics, communications and broadcast-related services sector is expected to grow by 6.4% during the same period.
10. Private Final Consumption Expenditure: Private Final Consumption Expenditure (PFCE) is projected to achieve a robust expansion of 7.6% in 2024-25, showing significant improvement from the 5.6% growth recorded in 2023-24.





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Tamil Nadu bans mayonnaise made from raw eggs for one year

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| Photo Credit: Getty Images/iStockphoto

Tamil Nadu has banned the manufacture, storage and sale of mayonnaise prepared from raw eggs for a period of one year with effect from April 8. The ban, issued in the interest of public health, is on the basis that mayonnaise made of raw eggs is a “high risk food”, carrying a risk of food poisoning.

According to a notification issued in the Government Gazette by Principal Secretary and Commissioner of Food Safety R. Lalvena, any activities related to any stage of manufacture, processing, packaging, storage, transportation, distribution, food services, catering services and sale of mayonnaise prepared from raw egg is prohibited in the State under section 30 (2) (a) of Food Safety and Standards Act, 2006 and order of the Commissioner of Food Safety of Tamil Nadu.

Mayonnaise is a semi-solid emulsion generally composed of egg yolk, vegetable oil, vinegar and other seasonings served along with food items such as shawarma. Mayonnaise made of raw eggs is a high-risk food as it carries a risk of food poisoning especially from Salmonella bacteria, Salmonella typhimurium, Salmonella enteritidis, Escherichia coli and Listeria Monocytogenes, the notification said.

It has come to notice that a number of food business operators use raw egg for preparation of mayonnaise, improper storage facilitates contamination by microorganisms that creates a public health risk particularly by Salmonella typhimurium, Salmonella enteritidis, Escherichia coli and Listeria Monocytogenes, it said.

In any specific circumstances, on the basis of assessment of available information and if the possibility of harmful effects on health is identified but scientific uncertainty persists, provisional risk management measures to ensure that health is protected can be adopted as per the Act, pending further scientific information for a more comprehensive risk assessment.

The notification said that no food business operator should manufacture, store, sell or distribute any food which for the time being is prohibited by the Food Authority or the Central Government or State government in the interest of public health.



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Akshay Kumar’s Kesari Chapter 2 mints over Rs 9 crore in North America – The Times of India

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Akshay Kumar’s Kesari Chapter 2 is performing well at the North American box office, grossing over $1 million in its first five days, with Canada being a particularly strong market. While domestic earnings have been steady, the film’s international performance, especially in Sikh-dominated regions, is promising. Industry trackers anticipate further growth, potentially reaching $1.

Akshay Kumar’s much-anticipated historical Kesari Chapter 2 is making its presence felt at the North American box office. According to the latest figures, the film has grossed an impressive $172,341 on its fifth day from 298 locations, taking its total reported gross in North America to $1,077,447 ( Rs 9.22 crore ) .The film also featured R Madhavan and Ananya Panday in leading roles.

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In the United States alone, the film has collected $479,885 so far. Meanwhile, the film’s performance in Canada has been particularly noteworthy, with Kesari Chapter 2 earning CAD $597,562 by the end of Day 5. The strong showing in Canada reflects Akshay Kumar’s significant fan base in the region, where his patriotic dramas and action entertainers have traditionally performed well.
The film, which is a spiritual sequel to the 2019 hit Kesari, continues the saga of Indians taking on foreign powers. Directed by Karan Singh Tyagi- the film is based on Raghu Palat and Pushpa Palat’s book The Case That Shook The Empire. The book talks about the case that was fought by Sir C Sankaran Nair and the British Crown after the Jallianwala Bagh Massacre that took place in Amritsar.
Back home in India, Kesari Chapter 2 has registered a total of Rs 42 crore at the domestic box office within its first six days of release. While the film opened with strong collections, weekday drops have been steady but controlled, keeping it in the race for a respectable lifetime total.
Trade note that while the film hasn’t matched the blockbuster pace of Kumar’s previous patriotic hits like Kesari or Airlift, it has found a loyal audience in international territories. North America, in particular, has shown consistent footfalls, especially in Canada’s Sikh-dominated regions.
With the weekend approaching and with just one big film Ground Zero starring Emraan Hashmi releasing, industry trackers are hopeful that Kesari Chapter 2 will add a solid chunk to its total in both domestic and overseas markets. If the current trend continues, the film could comfortably cross the $1.5 million mark in North America by the end of its second weekend, securing a spot among the year’s better-performing Bollywood titles overseas.





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Blake Lively–Justin Baldoni lawsuit: Taylor Swift and Hugh Jackman reportedly on subpoena list | – The Times of India

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What began as a film adaptation of Colleen Hoover’s bestselling novel It Ends With Us has now spiraled into a courtroom drama involving some of Hollywood’s biggest names — and it might soon pull Taylor Swift and Hugh Jackman into the spotlight.
According to a report by the Daily Mail, Swift and ‘Wolverine’ star Jackman, are expected to be issued subpoenas in connection with the ongoing legal battle between actress Blake Lively and her co-star Justin Baldoni. The source claims the subpoenas could be delivered “at any time,” with Casa Cipriani — a New York celebrity hotspot — tipped as the likely scene for this dramatic plot twist.
The Lively and Baldoni drama began in December 2024, when the actress filed a lawsuit citing emotional distress and monetary losses linked to the production of It Ends With Us. In January 2025, Baldoni responded with a $400 million countersuit, accusing Lively and her husband, actor Ryan Reynolds, of defamation, emotional manipulation, and exerting undue influence over the film’s direction by allegedly leveraging their A-list connections.
According to court filings, a rewritten rooftop scene allegedly became a point of contention. Baldoni claimed that Lively used her friendship with Swift to sway creative decisions during a private script session held at the couple’s New York penthouse.
While Swift was not been directly named in the filings, her presence was implied in a message from Baldoni reportedly praising the changes, “I really love what you did. It really does help a lot. Makes it so much more fun and interesting. (And I would have felt that way without Ryan or Taylor).”
Sources speaking to Page Six revealed that the pop star felt “used” after being dragged into what was supposed to be a behind-the-scenes creative process, but she has no intention of avoiding the stand. Swift has reportedly received a “genuine and heartfelt” apology from Lively and is “not afraid” to testify if called upon.
Meanwhile, Jackman’s potential involvement remains less clear, though insiders suggest his long-standing friendship with both Blake and Ryan and proximity to certain production meetings could make his testimony relevant.
The high-profile battle is due for a hearing in court on March 9, 2026.





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