GDP data: Indian economy grows at 6.1% in Q4, FY23 growth better-than-expected at 7.2%
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6 Articles
GDP data: Indian economy grows at 6.1% in Q4, FY23 growth better-than-expected at 7.2%
Beating analyst estimates, India's gross domestic product (GDP) grew at 6.1 per cent in the last quarter of the previous fiscal. Further, the Centre now estimates the overall growth rate of FY23 to be 7.2 per cent, Ministry of Statistics & Programme Implementation (MOSPI) data showed Wednesday. Manufacturing sector grew by 1.3 per cent in FY23 after growing 11.1 per cent in FY22 while agriculture, forestry and fishing grew at 4 per cent in FY23 …
Q4 GDP numbers spring a surprise, lift FY23 growth to 7.2%; India stays fastest-growing major economy
India's economy grew by 7.2% in FY23, higher than previously predicted, due to strong growth in the last quarter. In that quarter, GDP rose by 6.1% YoY, while in the preceding two quarterly reports it had risen by 4.5% and 4.8% respectively. Despite concerns that private consumption was sluggish, with a rise of just 2.9%, an increase in government capital spending boosted gross fixed capital formation by 8.9%, and private consumption grew 7.5% i…
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