India’s GDP growth slows down to 6.3 pct in July-September
NEW DELHI, Nov. 30– India’s economy grew by 6.3 percent in the second quarter of the current fiscal year, official data released by the National Statistical Office on Wednesday showed. Real GDP at constant prices in the second quarter of 2022-23 is estimated at 38.17 trillion Indian Rupees, as against 35.89 trillion Indian Rupees in the same period of 2021-22,…
NEW DELHI, Nov. 30 (Xinhua) — India’s economy grew by 6.3 percent in the second quarter (July-September) of the current fiscal year (April 2022-March 2023), official data released by the National Statistical Office (NSO) on Wednesday showed.
Real GDP (gross domestic product) at constant (2011-12) prices in the second quarter of 2022-23 is estimated at 38.17 trillion Indian Rupees (around 469 billion U.S. dollars), as against 35.89 trillion Indian Rupees (around 441 billion dollars) in the same period of 2021-22, showing a growth of 6.3 percent as compared to 8.4 percent in Q2 2021-22, showed the data.
It further added, “Nominal GDP at current prices in the second quarter of 2022-23 is estimated at 65.31 trillion Indian Rupees (around 803 billion dollars), as against 56.20 trillion Indian Rupees (around 691 billion dollars) in the second quarter of 2021-22, showing a growth of 16.2 percent as compared to 19.0 percent in the second quarter of 2021-22.”
According to a report in India Today, analysts had projected the Indian economy would expand at half of the growth rate of 13.5 percent recorded in the April-June quarter this fiscal. Enditem