Economy Reports News Details

India's GDP Grows By 7.6% On Year In Q2-FY2024

(30-Nov-23   17:49)

India?s gross domestic product (GDP) grew 7.6 per cent y-o-y during the July-September 2023 quarter (Q2 FY24) as compared with the 6.2 per cent growth recorded a year ago, according to the latest official data released on Thursday.

India?s economy had grown 7.8 per cent in the April-June 2023 quarter.

Real GDP or GDP at Constant (2011-12) Prices in Q2 2023-24 is estimated to attain a level of Rs 41.74 lakh crore, as against Rs 38.78 lakh crore in Q2 2022-23, showing a growth of 7.6 per cent as compared to 6.2 per cent in Q2 2022-23, according to an official statement.

According to the latest data released by the National Statistical Office (NSO), India?s gross value added or GVA, which is GDP minus net product taxes and reflects growth in supply, also grew 7.4 per cent during July-September 2023.

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