HinduPost is the voice of Hindus. Support us. Protect Dharma

Will you help us hit our goal?

HinduPost is the voice of Hindus. Support us. Protect Dharma
30.1 C
Varanasi
Friday, September 30, 2022

Bharat’s GDP records double-digit growth of 13.5% in Q1 2022-23

Bharat’s economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter of 2021-22.

This is the first double digit growth in GDP figures in a year, as the last double digit growth was 20.1 per cent recorded in first quarter of 2021-22.

“Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in Q1 2022-23 is estimated to attain a level of Rs 36.85 lakh crore, as against Rs 32.46 lakh crore in Q1 2021-22, showing a growth of 13.5 percent as compared to 20.1 percent in Q1 2021-22,” a statement issued by National Statistical Office (NSO) said.

The 13.5 per cent growth in the first quarter of the current fiscal is below Reserve Bank of India’s (RBI) forecast of 16.2 per cent.

Rating agency ICRA had projected a growth of 13 per cent in the first quarter of the current fiscal.

After recording a 20.1 per cent growth in the first quarter of 2021-22, GDP growth had consistently fell during the entire quarter. In the second quarter of 2021-22, it slid to 8.4 per cent, in the third quarter, it further fell to 5.4 per cent while in the fourth quarter of the previous fiscal, it came down to 4.1 per cent.

The RBI has projected the economy’s growth at 7.2 per cent for the current financial year.

(The story has been published via a syndicated feed with a modified headline and minor edits to conform to HinduPost style guide)

Subscribe to our channels on Telegram &  YouTube. Follow us on Twitter and Facebook

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Sign up to receive HinduPost content in your inbox
Select list(s):

We don’t spam! Read our privacy policy for more info.