India beats GDP estimates with 6.1% growth in Q4, 7.2% in FY23
The GDP growth rate in the full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22.
The GDP growth rate in the full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22.
Most estimates pegged Q4 FY23 growth rate in ballpark of 5%. GDP growth rate in full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22
The fourth quarter GDP growth surprised positively at 6.1% YoY versus its 5.4% estimate, says Prithviraj Srinivas, Chief Economist, Axis Capital.
For India, IMF says revision reflects mainly less favourable external conditions and more rapid policy tightening