GDP at 8.4% in Q3, FY24 growth pegged at 7.6%
NEW DELHI: Gross Domestic Product (GDP) was at 8.4% against 4.3 per cent a year ago in third quarter of FY24 beating analysts’ estimate of 6.6%,
Growth in Q3 was primarily by driven strong performances in manufacturing, mining & quarrying, and construction sectors.
The National Statistical Office (NSO), in its second estimate, further projected a growth rate of 7.6% for the entire fiscal year 2023-24 which is higher than its initial estimate of 7.3% in January 2024.
On quarter-on-quarter basis, GDP grew by 0.8% from 7.6% in Q2 of FY24.
NSO, further revised the GDP growth rate for 2022-23 to 7%, down from the earlier estimate of 7.2%.
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