india Q2 GDP Data: In the current financial year 2022-23, India’s gross domestic product (GDP) growth has been 6.3 percent in the second quarter (July-September quarter). The National Statistics Office (NSO) has released the GDP growth rate figures for the current financial year on Wednesday. According to official data, the gross domestic product (GDP) grew by 8.4 per cent in the July-September quarter of 2021-22. While India’s economy grew at a rate of 13.5 percent in the last quarter.
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However, experts had already expressed the expectation that the growth rate in the second quarter would be half as compared to the 13.5 percent growth rate recorded in the April-June quarter of the current financial year.
Rating agency Icra (ICRA) had estimated the GDP growth rate to be 6.5 percent in the second quarter. According to ICRA’s estimates, the pace of the Indian economy has been a bit slow.
At the same time, the State Bank of India (SBI) had estimated the growth rate to be 5.8 percent in its report.
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