Mumbai: Ashish Chauhan, the Managing Director and Chief Executive Officer of the National Stock Exchange, expressed optimism about the Indian economy’s future. He highlighted that India is currently the world’s fastest-growing major economy, with a robust Gross Domestic Product (GDP) growth rate of 7.8 percent. According to him, this growth trajectory bodes well for India’s future.
Ashish Chauhan’s prediction is based on the first-quarter (Q1) GDP data for the fiscal year (FY) 2023-24. He noted that the GDP growth rate has surged to an impressive 7.8 percent, signifying a remarkable pace of growth. This development has positioned India as a rapidly expanding major economy, as stated by the NSE CEO on social media platform X.
In the first-quarter of FY 2023-24, India’s GDP soared to an impressive 7.8 percent, marking the highest growth rate among the world’s major economies. During the first quarter of 2022-23, the nation’s total GDP stood at Rs 37.44 lakh crore, but it surged to Rs 40.37 lakh crore in the same period of 2023-24. In contrast, China managed only a 6.3 percent growth rate.
Data from the finance ministry reveals that the agricultural sector exhibited substantial growth, reaching 3.5 percent, compared to the 2.4 percent recorded in the corresponding quarter of the previous fiscal year.
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