Indian estimates estimate GDP growth could be 6.5 percent in the fourth quarter

India's GDP Growth: India's Gross Domestic Product (GDP) growth data will be released by the government till May 31, 2024. Before this, rating agencies across the country and the world have started making predictions about economic growth. By May 31, economic growth data for the fourth quarter ending March 2024 and the fiscal year 2023-24 will be released. Meanwhile, rating agency India Ratings has estimated fourth quarter GDP growth at 6.2 percent. At the same time, GDP growth is expected to be 7 percent in FY 2023-24. The government will release the GDP growth estimate on May 31. India Ratings President Sunil Kumar Sinha estimates India's GDP growth to be 6.2 percent in the fourth quarter. Along with this, he also estimated India's economic growth rate (GDP growth) to be 7 percent in the financial year 2023-24. The government will release preliminary estimates of GDP growth for the fourth quarter from January to March and the fiscal year 2023-24 on May 31. The GDP growth rate for FY 2023-24 is expected to be 6.9 to 7 percent, with the Indian economy growing at 8.2 percent in the June quarter of 2023-24, 8.1 percent in the September quarter and 8.4 percent in the December quarter. . We expect the fourth quarter growth rate to be 6.2 percent and the overall GDP growth rate for fiscal 2023-24 to be 6.9 to 7 percent, said Sunil Kumar Sinha, economist at India Ratings. India's move to become the world's third-largest economy is not just a statistic: Prime Minister Narendra Modi said it benefited from slower growth in the first two quarters. However, the growth rate of 8.4 percent between the third quarter (October-December 2023) was surprising. Analyzing the data, we see a difference between GVA and GDP, he said. In the third quarter, GDP received a big boost from record tax collections, but this is unlikely to happen in the fourth quarter. SBI Mutual Fund's first auto fund is here, with investment options available till May 31. India Ratings estimates that fourth quarter GDP growth could be as high as 6.5 percent.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *