India's GDP growth surges to 8.4% in Q3; FY24 growth projected at 7.6%
The NSO has revised GDP growth for Q2 FY24 to 8.1% from 7.6%, while that for the first quarter has been revised higher to 8.2% from 7.8%.
The NSO has revised GDP growth for Q2 FY24 to 8.1% from 7.6%, while that for the first quarter has been revised higher to 8.2% from 7.8%.
Quarterly growth numbers are noisy and should be best avoided for any serious interpretation, says the SBI Research note
Before OECD, global agencies like Goldman Sachs, IMF, and Moody’s, among others, have cut growth projections for India on slowing exports and domestic demand, and high inflation.
India’s economy grew 8.7% in FY22 against the NSO's earlier estimate of 8.9%. The Q4 FY22 GDP grew 4.1%, while the GVA growth for FY22 was 8.1%.