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The blockbuster headline January-March and full year GDP numbers have left the government rather chuffed. But some aspects of the data need further explanation ....
GDP Q4FY23 numbers today: The Indian economy grew at 4.4 per cent year-on-year in three months to December 2022, much below 6.3 per cent in September. ....
The better-than-expected GDP numbers for January-March and 2022-23 have given confidence to the Indian government s top economist to say that risks to his growth forecast of 6.5 percent for 2023-24 are now evenly balanced ....
This is in line with the advance estimates released by the National Statistical Office (NSO) in January that pegged the growth for the year ended March 31, 2023, at 7 per cent. ....