The growth rate of india’s gross domestic product (gdp) for the fiscal year 2022 2023 (fy23) was 7.2 percent, which was higher than the estimate of 7 percent that was anticipated by the reserve bank of india (india’s central bank). India’s real gdp attained a level of rs 41.74 lakh crore in q2 of 2023 24 as against rs 38.78 lakh crore in the second quarter of 2022 23. the nominal gdp is estimated at rs 71.66 lakh crore in.
Summary. india's gdp growth in q2fy23 was 6.2%. the manufacturing sector expanded 13.9% year on year in the september quarter. rbi had projected a growth rate of 6.5% during q2fy24. india’s. The latest gdp data has surpassed the projections by the reserve bank of india’s monetary policy committee, which had projected a 6.5% gdp growth in 2023 24, with quarterly growth numbers of 6.5. This is still shy of the rbi's 6.5% growth forecast for fy24. "gdp growth for q2 has been very buoyant coming in at 7.6%. this was far beyond expectations," said madan sabnavis, chief economist, bank of baroda. "this will tend to push up estimates for the full year by 0.1 0.2 percentage point." rahul bajoria of barclays revised the growth. India's gross domestic product (gdp) beat all estimates by a wide margin to grow at 7.6% in real terms in the september quarter (q2fy24), with a big – and unexpectedly solid – push from.
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