<h1>India's Economy Grows 6.2% in December Quarter, Driven by Government Spending and Service Exports; Urban Demand Weak</h1> India's economy grew by 6.2% in the December quarter, a recovery from previous lows but below last year's performance and the Reserve Bank of India's 6.8% estimate. The government projects a 6.5% GDP growth for the 2024-25 fiscal year, slightly above initial estimates but lower than the previous year's 9.2%. Growth was driven by government spending, rural demand, and service exports, though urban demand remained weak. The manufacturing sector's growth slowed, while agriculture saw significant improvement. Future growth depends on private investment and stable exports amid global uncertainties. The fiscal deficit reached 74.5% of the annual target by January 2025.