India reported a better than expected GDP growth at 7.6 percent for the September quarter. Weaker FDI inflows, potential credit softening and normalisation of base effects could soften growth ahead, analysts said
However, compared to the 6.1 percent growth recorded in the January-March period of 2022-23, the GDP growth for the first quarter of 2023-24 was higher at 7.8 percent.
India recorded a 7.8-per cent GDP growth in the April-June period of 2023-24, the highest in the last four quarters, on the back of double-digit expansion in the services sector.
india gdp 2023: Fastest-growing GDP countries indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Prime Minister Narendra Modi on August 15 during his address to the nation on Independence Day said that India will rise to the ranks of the top three global economies within the next five years. Watch this Visual Story to see how India may surpass Japan and Germany by 2027, and even USA by 2075.