diff --git a/app/client/src/utils/WidgetFactory.tsx b/app/client/src/utils/WidgetFactory.tsx
index f2fbbc7ecd..459efac818 100644
--- a/app/client/src/utils/WidgetFactory.tsx
+++ b/app/client/src/utils/WidgetFactory.tsx
@@ -48,6 +48,7 @@ class WidgetFactory {
     WidgetType,
     readonly PropertyPaneConfig[]
   > = new Map();
+  static loadingProperties: Map<WidgetType, Array<RegExp>> = new Map();
 
   static widgetConfigMap: Map<
     WidgetType,
@@ -64,6 +65,7 @@ class WidgetFactory {
     propertyPaneContentConfig?: PropertyPaneConfig[],
     propertyPaneStyleConfig?: PropertyPaneConfig[],
     features?: WidgetFeatures,
+    loadingProperties?: Array<RegExp>,
   ) {
     if (!this.widgetTypes[widgetType]) {
       this.widgetTypes[widgetType] = widgetType;
@@ -71,6 +73,8 @@ class WidgetFactory {
       this.derivedPropertiesMap.set(widgetType, derivedPropertiesMap);
       this.defaultPropertiesMap.set(widgetType, defaultPropertiesMap);
       this.metaPropertiesMap.set(widgetType, metaPropertiesMap);
+      loadingProperties &&
+        this.loadingProperties.set(widgetType, loadingProperties);
 
       if (propertyPaneConfig) {
         const enhancedPropertyPaneConfig = enhancePropertyPaneConfig(
@@ -244,6 +248,10 @@ class WidgetFactory {
     });
     return typeConfigMap;
   }
+
+  static getLoadingProperties(type: WidgetType): Array<RegExp> | undefined {
+    return this.loadingProperties.get(type);
+  }
 }
 
 export type WidgetTypeConfigMap = Record<
diff --git a/app/client/src/utils/WidgetLoadingStateUtils.test.ts b/app/client/src/utils/WidgetLoadingStateUtils.test.ts
index 96add00169..2e4937176c 100644
--- a/app/client/src/utils/WidgetLoadingStateUtils.test.ts
+++ b/app/client/src/utils/WidgetLoadingStateUtils.test.ts
@@ -7,9 +7,10 @@ import {
 } from "entities/DataTree/dataTreeFactory";
 import {
   findLoadingEntities,
-  getEntityDependants,
+  getEntityDependantPaths,
   groupAndFilterDependantsMap,
 } from "utils/WidgetLoadingStateUtils";
+import WidgetFactory from "./WidgetFactory";
 
 const JS_object_tree: DataTreeJSAction = {
   pluginType: PluginType.JS,
@@ -72,14 +73,64 @@ const Query_tree: DataTreeAction = {
   isLoading: false,
 };
 
+const Api_tree: DataTreeAction = {
+  data: {},
+  actionId: "",
+  config: {},
+  pluginType: PluginType.API,
+  pluginId: "",
+  name: "",
+  run: {},
+  clear: {},
+  dynamicBindingPathList: [],
+  bindingPaths: {},
+  ENTITY_TYPE: ENTITY_TYPE.ACTION,
+  dependencyMap: {},
+  logBlackList: {},
+  datasourceUrl: "",
+  responseMeta: {
+    isExecutionSuccess: true,
+  },
+  isLoading: false,
+  reactivePaths: {},
+};
+
+const Table_tree: DataTreeWidget = {
+  ENTITY_TYPE: ENTITY_TYPE.WIDGET,
+  bindingPaths: {},
+  triggerPaths: {},
+  validationPaths: {},
+  logBlackList: {},
+  propertyOverrideDependency: {},
+  overridingPropertyPaths: {},
+  privateWidgets: {},
+  widgetId: "",
+  type: "TABLE_WIDGET",
+  widgetName: "",
+  renderMode: "CANVAS",
+  version: 0,
+  parentColumnSpace: 0,
+  parentRowSpace: 0,
+  leftColumn: 0,
+  rightColumn: 0,
+  topRow: 0,
+  bottomRow: 0,
+  isLoading: false,
+  animateLoading: true,
+  reactivePaths: {},
+  meta: {},
+};
+
 const baseDataTree = {
   JS_file: { ...JS_object_tree, name: "JS_file" },
   Select1: { ...Select_tree, name: "Select1" },
   Select2: { ...Select_tree, name: "Select2" },
   Select3: { ...Select_tree, name: "Select3" },
+  Table1: { ...Table_tree, name: "Table1" },
   Query1: { ...Query_tree, name: "Query1" },
   Query2: { ...Query_tree, name: "Query2" },
   Query3: { ...Query_tree, name: "Query3" },
+  Api1: { ...Api_tree, name: "Api1" },
 };
 
 describe("Widget loading state utils", () => {
@@ -120,6 +171,22 @@ describe("Widget loading state utils", () => {
       ],
     };
 
+    beforeAll(() => {
+      // mock WidgetFactory.getLoadingProperties
+      const loadingPropertiesMap = new Map<string, RegExp[]>();
+      loadingPropertiesMap.set("TABLE_WIDGET", [/.tableData$/]);
+
+      jest
+        .spyOn(WidgetFactory, "getLoadingProperties")
+        .mockImplementation((widgetType) =>
+          loadingPropertiesMap.get(widgetType),
+        );
+    });
+
+    afterAll(() => {
+      jest.restoreAllMocks();
+    });
+
     // Select1.options -> JS_file.func1 -> Query1.data
     it("handles linear dependencies", () => {
       const loadingEntites = findLoadingEntities(
@@ -251,6 +318,20 @@ describe("Widget loading state utils", () => {
       });
       expect(loadingEntites).toStrictEqual(new Set(["Select2"]));
     });
+
+    it("includes loading properties", () => {
+      const loadingEntites = findLoadingEntities(["Api1"], baseDataTree, {
+        "Api1.data": ["Table1.tableData"],
+      });
+      expect(loadingEntites).toStrictEqual(new Set(["Table1"]));
+    });
+
+    it("ignores non-loading properties", () => {
+      const loadingEntites = findLoadingEntities(["Api1"], baseDataTree, {
+        "Api1.run": ["Table1.primaryColumns.action.onClick"],
+      });
+      expect(loadingEntites).toStrictEqual(new Set());
+    });
   });
 
   describe("groupAndFilterDependantsMap", () => {
@@ -331,10 +412,10 @@ describe("Widget loading state utils", () => {
     });
   });
 
-  describe("getEntityDependants", () => {
+  describe("getEntityDependantPaths", () => {
     // Select1.options -> JS_file.func1 -> Query1.data
     it("handles simple dependency", () => {
-      const dependants = getEntityDependants(
+      const dependants = getEntityDependantPaths(
         ["Query1"],
         {
           Query1: {
@@ -346,16 +427,15 @@ describe("Widget loading state utils", () => {
         },
         new Set<string>(),
       );
-      expect(dependants).toStrictEqual({
-        names: new Set(["JS_file", "Select1"]),
-        fullPaths: new Set(["JS_file.func1", "Select1.options"]),
-      });
+      expect(dependants).toStrictEqual(
+        new Set(["JS_file.func1", "Select1.options"]),
+      );
     });
 
     // Select1.options -> JS_file.func1 -> Query1.data
     // Select2.options -> JS_file.func2 -> Query1.data
     it("handles multiple dependencies", () => {
-      const dependants = getEntityDependants(
+      const dependants = getEntityDependantPaths(
         ["Query1"],
         {
           Query1: {
@@ -368,19 +448,18 @@ describe("Widget loading state utils", () => {
         },
         new Set<string>(),
       );
-      expect(dependants).toStrictEqual({
-        names: new Set(["JS_file", "Select1", "Select2"]),
-        fullPaths: new Set([
+      expect(dependants).toStrictEqual(
+        new Set([
           "JS_file.func1",
           "Select1.options",
           "JS_file.func2",
           "Select2.options",
         ]),
-      });
+      );
     });
 
     it("handles specific entity paths", () => {
-      const dependants = getEntityDependants(
+      const dependants = getEntityDependantPaths(
         ["JS_file.func2"], // specific path
         {
           Query1: {
@@ -396,15 +475,12 @@ describe("Widget loading state utils", () => {
         },
         new Set<string>(),
       );
-      expect(dependants).toStrictEqual({
-        names: new Set(["Select2"]),
-        fullPaths: new Set(["Select2.options"]),
-      });
+      expect(dependants).toStrictEqual(new Set(["Select2.options"]));
     });
 
     // Select1.options -> JS_file.func1 -> JS_file.internalFunc -> Query1.data
     it("handles JS self-dependencies", () => {
-      const dependants = getEntityDependants(
+      const dependants = getEntityDependantPaths(
         ["Query1"],
         {
           Query1: {
@@ -417,19 +493,14 @@ describe("Widget loading state utils", () => {
         },
         new Set<string>(),
       );
-      expect(dependants).toStrictEqual({
-        names: new Set(["JS_file", "Select1"]),
-        fullPaths: new Set([
-          "JS_file.internalFunc",
-          "JS_file.func1",
-          "Select1.options",
-        ]),
-      });
+      expect(dependants).toStrictEqual(
+        new Set(["JS_file.internalFunc", "JS_file.func1", "Select1.options"]),
+      );
     });
 
     // Select1.options -> JS_file.func -> JS_file.internalFunc1 -> JS_file.internalFunc2 -> Query1.data
     it("handles nested JS self-dependencies", () => {
-      const dependants = getEntityDependants(
+      const dependants = getEntityDependantPaths(
         ["Query1"],
         {
           Query1: {
@@ -443,15 +514,14 @@ describe("Widget loading state utils", () => {
         },
         new Set<string>(),
       );
-      expect(dependants).toStrictEqual({
-        names: new Set(["JS_file", "Select1"]),
-        fullPaths: new Set([
+      expect(dependants).toStrictEqual(
+        new Set([
           "JS_file.internalFunc1",
           "JS_file.internalFunc2",
           "JS_file.func",
           "Select1.options",
         ]),
-      });
+      );
     });
 
     /* Select1.options -> JS.func1 -> Query1.data,
@@ -462,7 +532,7 @@ describe("Widget loading state utils", () => {
        Only Select2 should be listed, not Select1.
     */
     it("handles selective dependencies in same JS file", () => {
-      const dependants = getEntityDependants(
+      const dependants = getEntityDependantPaths(
         ["Query2"],
         {
           Query1: {
@@ -478,10 +548,9 @@ describe("Widget loading state utils", () => {
         },
         new Set<string>(),
       );
-      expect(dependants).toStrictEqual({
-        names: new Set(["JS_file", "Select2"]),
-        fullPaths: new Set(["JS_file.func2", "Select2.options"]),
-      });
+      expect(dependants).toStrictEqual(
+        new Set(["JS_file.func2", "Select2.options"]),
+      );
     });
   });
 });
diff --git a/app/client/src/utils/WidgetLoadingStateUtils.ts b/app/client/src/utils/WidgetLoadingStateUtils.ts
index 1e314421d9..3436145702 100644
--- a/app/client/src/utils/WidgetLoadingStateUtils.ts
+++ b/app/client/src/utils/WidgetLoadingStateUtils.ts
@@ -1,7 +1,8 @@
 import { DataTree } from "entities/DataTree/dataTreeFactory";
 import { get, set } from "lodash";
-import { isJSObject } from "workers/evaluationUtils";
+import { isJSObject, isWidget } from "workers/evaluationUtils";
 import { DependencyMap } from "./DynamicBindingUtils";
+import WidgetFactory from "./WidgetFactory";
 
 type GroupedDependencyMap = Record<string, DependencyMap>;
 
@@ -57,13 +58,13 @@ export const groupAndFilterDependantsMap = (
   return entitiesDepMap;
 };
 
-// get entities that depend on a given list of entites
-// e.g. widgets that depend on a list of actions
-export const getEntityDependants = (
+// get entity paths that depend on a given list of entites
+// e.g. widget paths that depend on a list of actions
+export const getEntityDependantPaths = (
   fullEntityPaths: string[],
   allEntitiesDependantsmap: GroupedDependencyMap,
   visitedPaths: Set<string>,
-): { names: Set<string>; fullPaths: Set<string> } => {
+): Set<string> => {
   const dependantEntityNames = new Set<string>();
   const dependantEntityFullPaths = new Set<string>();
 
@@ -97,15 +98,13 @@ export const getEntityDependants = (
           dependantEntityNames.add(dependantEntityName);
           dependantEntityFullPaths.add(dependantPath);
 
-          const childDependants = getEntityDependants(
+          const childDependants = getEntityDependantPaths(
             [dependantPath],
             allEntitiesDependantsmap,
             visitedPaths,
           );
-          childDependants.names.forEach((childDependantName) => {
-            dependantEntityNames.add(childDependantName);
-          });
-          childDependants.fullPaths.forEach((childDependantPath) => {
+
+          childDependants.forEach((childDependantPath) => {
             dependantEntityFullPaths.add(childDependantPath);
           });
         });
@@ -113,11 +112,11 @@ export const getEntityDependants = (
     );
   });
 
-  return { names: dependantEntityNames, fullPaths: dependantEntityFullPaths };
+  return dependantEntityFullPaths;
 };
 
 export const findLoadingEntities = (
-  isLoadingActions: string[],
+  loadingActions: string[],
   dataTree: DataTree,
   inverseMap: DependencyMap,
 ): Set<string> => {
@@ -125,15 +124,33 @@ export const findLoadingEntities = (
     inverseMap,
     dataTree,
   );
-  const loadingEntitiesDetails = getEntityDependants(
-    isLoadingActions,
+  const loadingEntityPaths = getEntityDependantPaths(
+    loadingActions,
     entitiesDependantsMap,
     new Set<string>(),
   );
 
   // check animateLoading is active on current widgets and set
   const filteredLoadingEntityNames = new Set<string>();
-  loadingEntitiesDetails.names.forEach((entityName) => {
+
+  loadingEntityPaths.forEach((entityPath) => {
+    const entityPathArray = entityPath.split(".");
+    const entityName = entityPathArray[0];
+    const widget = get(dataTree, [entityName]);
+    if (isWidget(widget)) {
+      const loadingProperties = WidgetFactory.getLoadingProperties(widget.type);
+
+      // check if propertyPath is listed in widgetConfig
+      if (
+        entityPathArray.length > 1 &&
+        loadingProperties &&
+        !loadingProperties.some((propRegExp) => propRegExp.test(entityPath))
+      ) {
+        return;
+      }
+    }
+
+    // check animateLoading is active on current widgets and set
     get(dataTree, [entityName, "animateLoading"]) === true &&
       filteredLoadingEntityNames.add(entityName);
   });
diff --git a/app/client/src/utils/WidgetRegisterHelpers.tsx b/app/client/src/utils/WidgetRegisterHelpers.tsx
index 71e3f75465..e3fbcd1dd1 100644
--- a/app/client/src/utils/WidgetRegisterHelpers.tsx
+++ b/app/client/src/utils/WidgetRegisterHelpers.tsx
@@ -44,6 +44,7 @@ export const registerWidget = (Widget: any, config: WidgetConfiguration) => {
     config.properties.contentConfig,
     config.properties.styleConfig,
     config.features,
+    config.properties.loadingProperties,
   );
   configureWidget(config);
 };
diff --git a/app/client/src/widgets/BaseWidget.tsx b/app/client/src/widgets/BaseWidget.tsx
index be02526017..b9482f8602 100644
--- a/app/client/src/widgets/BaseWidget.tsx
+++ b/app/client/src/widgets/BaseWidget.tsx
@@ -77,6 +77,20 @@ abstract class BaseWidget<
     return {};
   }
 
+  /**
+   * getLoadingProperties returns a list of regexp's used to specify bindingPaths,
+   * which can set the isLoading prop of the widget.
+   * When:
+   * 1. the path is bound to an action (API/Query)
+   * 2. the action is currently in-progress
+   *
+   * if undefined, all paths can set the isLoading state
+   * if empty array, no paths can set the isLoading state
+   */
+  static getLoadingProperties(): Array<RegExp> | undefined {
+    return;
+  }
+
   /**
    *  Widget abstraction to register the widget type
    *  ```javascript
diff --git a/app/client/src/widgets/TableWidgetV2/index.ts b/app/client/src/widgets/TableWidgetV2/index.ts
index 0856f8385c..a0de3ee218 100644
--- a/app/client/src/widgets/TableWidgetV2/index.ts
+++ b/app/client/src/widgets/TableWidgetV2/index.ts
@@ -229,6 +229,7 @@ export const CONFIG = {
     config: Widget.getPropertyPaneConfig(),
     contentConfig: Widget.getPropertyPaneContentConfig(),
     styleConfig: Widget.getPropertyPaneStyleConfig(),
+    loadingProperties: Widget.getLoadingProperties(),
   },
 };
 
diff --git a/app/client/src/widgets/TableWidgetV2/widget/index.tsx b/app/client/src/widgets/TableWidgetV2/widget/index.tsx
index e7d42e2ff6..501e3218ab 100644
--- a/app/client/src/widgets/TableWidgetV2/widget/index.tsx
+++ b/app/client/src/widgets/TableWidgetV2/widget/index.tsx
@@ -140,6 +140,10 @@ class TableWidgetV2 extends BaseWidget<TableWidgetProps, WidgetState> {
     };
   }
 
+  static getLoadingProperties(): Array<RegExp> | undefined {
+    return [/\.tableData$/];
+  }
+
   /*
    * Function to get the table columns with appropriate render functions
    * based on columnType
diff --git a/app/client/src/widgets/constants.ts b/app/client/src/widgets/constants.ts
index ad657dc085..a32422565f 100644
--- a/app/client/src/widgets/constants.ts
+++ b/app/client/src/widgets/constants.ts
@@ -26,6 +26,7 @@ export interface WidgetConfiguration {
     default: Record<string, string>;
     meta: Record<string, any>;
     derived: DerivedPropertiesMap;
+    loadingProperties?: Array<RegExp>;
   };
 }