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India’s GDP grows at 6.3% in Jul-Sept quarter

PTI
Updated: November 30th, 2022, 18:55 IST
in Business, Home News, National
0
Indian economy on right track, says Sitharaman

Representational image

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New Delhi: India’s economy grew by 6.3 per cent in the second quarter of the current fiscal, official data released Wednesday showed.

The gross domestic product (GDP) had expanded by 8.4 per cent in the July-September quarter of 2021-22, according to data released by the National Statistical Office (NSO).

Analysts had projected the Indian economy would expand at half of the growth rate of 13.5 per cent recorded in April-June quarter this fiscal.

Also Read – India takes over G-20 presidency, Modi says agenda to be inclusive, ambitious, decisive

According to rating agency Icra, the GDP was likely to grow at 6.5 per cent while State Bank of India in its report, projected the growth rate at 5.8 per cent for July-September, 2022.

Earlier this month, in an article published in the Reserve Bank of India (RBI) bulletin, the GDP growth was pegged at 6.1-6.3 per cent in the second quarter of this fiscal year.

China registered an economic growth rate of 3.9 per cent in July-September, 2022.

PTI 

Tags: EconomyGDP
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