India records GDP growth of 7.6% in Q2 FY 2023-24

Friday, 01 December 2023 09:34:17 (GMT+3)   |   Kolkata

India’s gross domestic product (GDP) grew by 7.6 percent in the second quarter (July-September) of the fiscal year 2023-24, according to a statement released by the National Statistical Office (NSO) on Thursday, November 30.

The Reserve Bank of India (RBI) prediction data had estimated GDP growth to be 6.5 percent for the second quarter.

In the same period last year, the GDP growth stood at 6.2 percent.

However, the GDP growth in the second quarter was marginally lower in comparison with the increase of 7.8 percent recorded in the first quarter of fiscal year 2023-24.

India’s infrastructure sector recorded growth of 12.1 percent in October, the NSO statement said.

AjoyDas
Ajoy Das
Editor

I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.

Similar articles

S&P lowers India’s GDP growth forecast for FY 2025-26

India’s GDP grows 5.4% in Q2 FY 2024-25, slowest in last eight quarters

India’s GDP growth moderates in Q1 FY 2024-25 to lowest in five quarters

Morgan Stanley: India GDP growth forecast at 6.5% in current and next years

India’s GDP records 7.8 percent growth in Q1 FY 2023-24

ICRA: India’s GDP to grow 8.5% in Q1 of FY 2023-24

India’s GDP growth moderates to 4.4 percent in Q3 fiscal year 2022-23

India’s GDP contracts to 6.3% in Q2 FY 2022-23, core sector growth falls to 20-month low in October

ICRA cuts India’s GDP growth forecast to 7.2% from 8% for 2022-23

India records GDP growth of 8.4% in Q2 FY 2021-22 on low base