The GDP figures for the first quarter of the new fiscal year were issued on Thursday by the NSO office...
Digital Desk: India's Gross Domestic Product (GDP) grew 7.8% in the April–June quarter of FY 24 compared to a 13.1% growth rate in Q1 of FY 2022–23, according to data given by the government.
The GDP figures for the first quarter of the new fiscal year were issued on Thursday by the NSO office of the Central government.
The results exceeded earlier forecasts, which called for an acceleration of economic growth to 7.7% in the June quarter due to solid demand, robust service sector growth, and higher government spending.
The GDP of the nation increased by 7.2% in the years FY2022-23.
According to data, the nominal GDP, or GDP at current prices, is predicted to reach Rs 70.67 lakh crore in Q1 2023–24, up from Rs 65.42 lakh crore in Q1 2022–23, representing an increase of 8% as compared to 27.7% in Q1 2022–23.
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