Driving Naari Programme launched in Chandigarh
India’s gross domestic product (GDP) for the July-September quarter of the current financial year grows at 6.3 per cent against 8.4 per cent in a year-ago quarter and 13.5 per cent in April-June quarter.
“Real GDP or GDP at Constant (2011-12) Prices in Q2 2022-23 is estimated at ₹38.17 lakh crore, as against ₹35.89 lakh crore in Q2 2021-22, showing a growth of 6.3 percent as compared to 8.4 percent in Q2 2021-22,” the Ministry of Statistics & Programme Implementation said in a release.
Analysts had projected the Indian economy would expand at half of the growth rate of 13.5 per cent recorded in April-June quarter this fiscal.
According to the rating agency ICRA, the gross domestic product (GDP) was expected to grow at 6.5 per cent, while the State Bank of India in its report pegged the growth rate at 5.8 per cent.
Earlier this month, in an article published in the Reserve Bank of India (RBI) bulletin, the GDP growth is pegged at 6.1 to 6.3 per cent in the second quarter of this fiscal year.
