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India’s Gross Home Product (GDP) progress price within the quarter ending December 31, 2023 (Q3FY24) was 8.4 per cent, in keeping with the info launched by the Centre on Thursday. That is greater than the Reserve Financial institution of India’s (RBI’s) estimate of 6.5 per cent, in keeping with Nationwide Statistical Workplace (NSO) of Ministry of Statistics and Programme Implementation (MoSPI).
Double-digit progress price of development sector (10.7 per cent), adopted by progress price of Manufacturing sector (8.5 per cent) have boosted the GDP progress in FY 2023-24.
On the again of double-digit progress in manufacturing sector (11.6 per cent) sector, adopted by progress price of Building sector (9.5 per cent), Actual GDP grew by 8.4 per cent in Q3 of FY 2023-24.
Throughout his RBI Financial Coverage Committee (MPC) announcement earlier this month, Governor Shaktikanta Das had stated that headwinds from geopolitical tensions, volatility in worldwide monetary markets and geoeconomic fragmentation will proceed to pose dangers to the financial outlook.
First Revealed: Feb 29 2024 | 5:37 PM IST
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