India Q4 GDP Growth Data Live Updates: India’s Gross Domestic Product or GDP for the fourth quarter of fiscal year 2023-24 grew at 7.8%. The full fiscal year real GDP growth provisionally stands at 8.2%. The Q4 FY24 GDP growth data was released at 5:30 PM today and various polls had expected that the Indian economy’s growth rate would have slowed to an annual 6.7% in the last quarter. The Indian economy had unexpectedly grown at 8.6% in the third quarter (October-December 2023) of FY24. Economists were of the view that this GDP growth rate is unlikely to have continued in the fourth quarter.
Meanwhile, the Reserve Bank of India (RBI) has in its annual report said that the Indian economy is expected to grow at 7% in the current fiscal year FY25. India is the world’s fastest growing major economy and currently holds the tag of being the world’s fifth largest economy. In the coming years it is expected to become the world’s third largest economy after the US and China.
According to the RBI, the Indian economy expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP growth accelerating to 7.6% from 7.0% n the previous year – the third successive year of 7% or above growth.
ये भी पढ़ें…
https://theindiasnews.com/web-stories/ramlalas-wardrobe-collection/
Discover more from The Indias News
Subscribe to get the latest posts sent to your email.