Ritika
New Delhi: The country’s gross domestic product (GDP) growth rate has come down to 4.4 percent in the third quarter of the financial year 2022-23. The decline in GDP is mainly due to the poor performance of the manufacturing sector. This information was received from the data released on Tuesday by the National Statistical Office (NSO).
According to the data released by the government, Releasing the GDP figures, the ministry said that the GDP in the third quarter of the financial year 2022-23 reached Rs 40.19 lakh crore, which stood at Rs 38.51 lakh crore in the same quarter last year. In the financial year 2022-23 Real GDP growth estimated at 7.0 per cent, as against 9.1 per cent in 2021-22,
India’s Q3 GDP 2022-23 is estimated at Rs 40.19 lakh crore, as against Rs 38.51 lakh crore in Q3 2021-22, showing a growth of 4.4 percent: Government of India
— ANI (@ANI) February 28, 2023
Due to this, in the same quarter of the previous financial year 2021-22, the country’s economy had grown at the rate of 11.2 percent. At the same time, the economic growth rate in the July-September quarter of the current financial year was 6.3 percent. In its second advance estimate, the NSO has estimated the economic growth rate to be seven percent in the current financial year. Apart from this, the NSO has revised the growth rate for the last financial year 2021-22 from 8.7 percent to 9.1 percent.
