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India’s GDP growth slows to 6.3 percent in July-Sep-

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National Statistical Office

India‘s economy grew 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) showed on Thursday. Wednesday.

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Real GDP (gross domestic product) at constant prices (2011-12) in the second quarter of 2022-23 is estimated at 38.17 trillion Indian rupees (about US$469 billion), up from 35.89 trillion Indian rupees (about $441 billion) in the same period of 2021-22, showing growth of 6.3 percent compared to 8.4 percent in the second quarter of 2021-22, they showed. the data.

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It further added: “Nominal GDP at current prices in the second quarter of 2022-23 is estimated at 65.31 trillion Indian rupees (about $803 billion), up from 56.20 trillion Indian rupees (about 691 billion dollars) in the second quarter of 2021-22, showing growth of 16.2 percent compared to 19.0 percent in the second quarter of 2021-22.”

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According to a report by India Today, analysts had projected that the Indian economy would expand at half the 13.5 percent growth rate recorded in the April-June quarter of this fiscal year. ■

(Xinhua)

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