Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | India posts GDP growth of 6.1 % in fourth quarter, 7.2 % in FY23 - The Tribune

India posts GDP growth of 6.1 % in fourth quarter, 7.2 % in FY23 - The Tribune

Share this article Share this article
published Published on May 1, 2023   modified Modified on Jun 1, 2023

India continues to maintain its streak of world-beating economic growth after GDP for the March quarter beat all expectations with a 6.1 per cent expansion that helped push the annual growth rate to 7.2 per cent. After this, the Indian economy is now USD 3.3 trillion in size.

Asia’s third-largest economy beat all estimates to grow at 6.1 per cent in January-March, the last quarter of the 2022-23 fiscal, up from a revised 4.5 per cent in the previous quarter, government data released Wednesday showed.

The growth was boosted by a 5.5 per cent expansion in agriculture and a 4.5 per cent growth in manufacturing. Other sectors of the economy - construction, services and mining - too posted handsome growth rates.

The economic expansion was recorded at 6.1 per cent during the March 2023 quarter, while it was 4.5 per cent in October-December and 6.2 per cent in July-September 2022. 

The growth was 13.1 per cent in April-June 2022, as per the data released by the National Statistical Office (NSO). For the full 2022-23 fiscal (April 2022 to March 2023), the growth now stands revised to 7.2 per cent, above the earlier projection of 7 per cent but lower than the 9.1 per cent expansion in 2021-22. This helped it maintain the tag of the fastest-growing emerging economy. China grew by 4.5 per cent in the first three months of 2023.

High-frequency indicators showed the economy gaining momentum in April thanks to higher tax collections and a booming services sector. But exports and imports declined, smudging the outlook. Barring the monsoon and geo-political risks, India’s economy may exceed the initial estimate of 6.5 per cent for the current fiscal (April 2023 to March 2024).

Please click here to read the story
Please click here for the press release
 

 


The Tribune, 1 June, 2023


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close