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Economy Expands 7.8% in Q4, Lifting FY24 Growth to 8.2%

Indias growth surged to 8.2% in FY24, riding a better-than-expected 7.8% expansion in the March quarter on the back of robust manufacturing, provisional estimates released on Friday showed, underscoring the countrys status as the worlds fastest-expanding major economy. ....

Aditi Nayar , Nirmala Sitharaman , Pronab Sen , Shreya Sodhani , Rajani Sinha , India Meteorological Department , International Monetary Fund , Reserve Bank , Monetary Fund ,

Economy expands 7.8% in Q4, lifting FY24 growth to 8.2%

This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and government expect the high growth to continue though tepid private consumption remains a concern. ....

Rajani Sinha , Shreya Sodhani , Pronab Sen , Nirmala Sitharaman , Aditi Nayar , India Meteorological Department , International Monetary Fund , Reserve Bank , Monetary Fund ,