The growth projection is in comparison to the 7.2% GDP growth in FY23. The economy had expanded by 9.1% in the preceding fiscal year (FY22). On June 22, Fitch Ratings increased its prediction for India’s economic growth to 6.3% for the current fiscal year 2023–2024 from its earlier projection of 6%.

The Centre may reduce the number of official GDP estimates from six to four. According to the sources, the Statistics Ministry will begin this process next year.

Das said that the MPC agreed to leave the policy rate steady at 6.5 percent at its monetary policy meeting. It was the same at the last (April) meeting.

Government to release Q3 GDP growth on Feb 28. Gross Domestic Product (GDP) is the total monetary or market value of all finished goods and services produced within a country’s

According to preliminary trade figures provided earlier this month, exports fell by 3.52% in September. Official statistics revealed that India’s merchandise exports expanded at the weakest rate in 19 months,

Nirmala Sitharaman expressed India’s GDP growth for Q1 of the current financial year 2022-23 at 13.5% on a year-on-year basis the most elevated among the enormous economies. India’s economy contracted

In the second quarter of the current fiscal, the GDP grew by 8.4% and is believed to grow even more. An SBI research report shows that the economy of the