India’s GDP 2022-23: According to the data released by the National Statistics Office on Wednesday, India’s real GDP has increased by 7.2 percent during the financial year 2022-23, while it was 9.1 percent in the financial year 2021-22.
MSO released data
According to information, the National Statistical Office (NSO) said in a release on Wednesday that India’s gross domestic product (GDP) grew by 6.1 percent in the January-March quarter, compared to 4.4 percent in the previous quarter. The release said that India’s growth in real GDP during the financial year 2022-23 has come down to 7.2% as compared to 9.1% in 2021-22.
The growth in real GDP during 2022-23 is estimated at 7.2 per cent as compared to 9.1 per cent in 2021-22, says the Government of India pic.twitter.com/bdUR3hRIhM
— ANI (@ANI) May 31, 2023
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MoSPI said this about GDP
The Ministry of Statistics and Program Implementation (MoSPI) has stated that India’s GDP or GDP at current prices is set to grow at a rate of 16.1 per cent in the financial year 2022-23. The ministry has said that for the March quarter, India’s GDP at current prices registered a growth of 10.4 per cent.
Estimate of this situation in the financial year 2023-24
On the other hand, the Reserve Bank of India (RBI) in its annual report for the financial year 2022-23 said that India’s real GDP growth for 2023-24 is estimated at 6.5 percent, while the risks are evenly balanced. The economy is expected to grow by 7 percent during this period.
India’s growth momentum is likely to remain stable in 2023-24, while the global outlook faces challenges despite a reduction in inflationary pressures, the RBI said in a report released on Tuesday.
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