Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent
a year ago, government data showed on Thursday. The economy is expected to grow
at 7.6 per cent in 2023-24 as compared to revised estimate of 7 per cent for
FY23, the government data added.
The National Statistical Office (NSO), in its second advance estimate of
national accounts, pegged the country's growth at 7.6 per cent for 2023-24.
India's GDP grows by
8.4 per cent in December quarter
It had projected a growth of 7.3 per cent for the
current fiscal in its first advance estimates released earlier in January 2024.
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The NSO also revised
the GDP growth for 2022-23 to 7 per cent against the earlier estimate of 7.2
per cent.
Earlier in the day, the government data showed that the combined index of eight
core industries surged by 3.6 per cent in January this year against the index
in the same month last year. The
production of Coal, Steel, Cement, Natural Gas, Electricity and Crude Oil
recorded positive growth in January 2024.
Nominal GDP or GDP at Current Prices in the year 2023-24 is estimated to attain
a level of ₹293.90 lakh crore, against ₹269.50 lakh crore in 2022-23,
showing a growth rate of 9.1 per cent, the government data showed.
Prime Minister Narendra Modi posted on X,"Robust 8.4% GDP growth in Q3
2023-24 shows the strength of Indian economy and its potential. Our efforts will continue to bring fast
economic growth which shall help 140 crore Indians lead a better life and
create a Viksit Bharat.