Excellent news! Indian economic system grew 8.4% in Q3, estimated at 7.6% in FY2023-24 – India TV Hindi

There’s excellent news concerning the nation’s economic system. India’s progress fee i.e. GDP within the third quarter of the present monetary 12 months (October-December 2023) has been recorded at 8.4 p.c. This has been potential particularly as a result of good efficiency of the manufacturing, mining and quarrying and development sectors. This has come to gentle within the information launched on Thursday by the Nationwide Statistics Workplace (NSO) concerning the expansion fee of the Indian economic system. It additionally stated that the tempo of Indian economic system is estimated to be 7.6 p.c within the monetary 12 months 2023-24. Based on the info, that is greater than the revised determine of seven p.c for the monetary 12 months 2022-23.

revised estimate

Based on the information, NSO had estimated a progress of seven.3 p.c for the present monetary 12 months in its first advance estimate launched earlier in January 2024. NSO had revised GDP progress for 2022-23 to 7 per cent from the sooner estimate of seven.2 per cent. Earlier, the Indian economic system grew on the fee of seven.8% within the first quarter of the present monetary 12 months and seven.6% in the course of the subsequent quarter. After this, the Reserve Financial institution of India (RBI) needed to revise its GDP estimate for the total monetary 12 months 2023-24 from 6.5 p.c to 7 p.c.

India will strike once more

The Worldwide Financial Fund (IMF) has projected 6.7 p.c GDP progress for India in FY 2024. Regardless of slower progress within the final quarter, India is more likely to retain its place as one of many world’s quickest rising economies. IMF has estimated that the Indian economic system will outperform main economies like China (4.6%), US (2.1%), Japan (0.9%), France (1%), UK (0.6%) and Germany (-0.5%). Will do.

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