India Q3 GDP Live Updates: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, will today release the official gross domestic product (GDP) data for Q3FY24 today.NSO will also release the First Revised Estimates for 2022-23 (benchmark year). Besides, the Second Advance Estimates of National Income for the year 2023-24 and quarterly GDP estimates for the quarter October-December, 2023 (Q3 2023-24), along with First, Second and Third Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the years 2022-23, 2021-22 and 2020-21 respectively will be released on later today, at 5.30 pm.The Reserve Bank of India (RBI) had earlier in its estimation expected Q3 GDP growth rate at 7 per cent.However, rating agencies are expecting the Indian economy to growth at much lower rate.ICRA has pegged the Q3 GDP growth rate at 6 per cent while SBI Research expects a growth rate between 6.7 to 6.9%.
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The First Advance Estimates released on Friday are the last GDP data released before the Union Budget is presented. They also provide the first complete picture of economic growth in the 10 years of the government led by Prime Minister Narendra Modi.
Indian economy to grow by a robust 7 3% in 2023-24 theindianawaaz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theindianawaaz.com Daily Mail and Mail on Sunday newspapers.
At 7.2% growth, the GDP data surpassed everyone since most estimates, including RBI’s, were closer to 7%. But the most inconvenient part of the GDP data is the weakness in the growth rate of Private Final Consumption Expenditure.