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Fiscal 2023 GDP Growth Estimated At 7.2%, Lower Than 9.1% In Fiscal 2022

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The Indian economy grew 7.2 per cent in the last financial year, lower than 9.1 per cent in the previous year, the government said today. The Gross Domestic Product (GDP) growth marginally beats the central bank's estimates. The Reserve Bank of India had estimated a GDP growth of 7 per cent in FY 2022-23, though the central bank's head Shaktikanta Das had said it won't be surprising if the real GDP growth beats the estimate. The economy expanded 6.1 per cent in the January-March quarter, rising after a slump in the previous two quarters. The third (October-December) quarter saw a growth of 4.5%.

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