New Delhi: India’s GDP growth rate is at 7.2% in the financial year 2022-23 as per government’s data. Though, this is a decline when compared to the previous year’s growth rate of 9.1%, the GDP growth has beat the estimates. This has led to the stock market opening marginally higher today.
ANI News said that as per provincial estimates released by the National Statistical Office (NSO), real GDP growth for 2022-23 stood at 7.2%, higher than the 7% projected.
In addition, the GDP grew by 6.1% in the fourth quarter from January-March 2023, which was also higher than expected. It grew impressively when compared to the 4.4% seen in the third quarter.
According to a report, India remains one of the fastest growing economies among major global players.
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