India's GDP in the fourth quarter of financial year 2023-24 is expected to have grown within the range of 6.16.7 per cent, lower than over 8 per cent rate recorded in the previous three quarters, according to projections by various economists.
The GDP numbers for the fourth quarter (January-March 2024) and the provisional estimates for the 2023-24 fiscal year are scheduled to be released by the government on May 31.
According to economists, the expected growth in 202324 fiscal is estimated to be in the range of 7.6-7.8 per cent.
The Indian economy grew 8.2 per cent in the June quarter, 8.1 per cent in the September quarter and 8.4 per cent in the December quarter of 2023-24.
Kotak Mahindra Bank Chief Economist Upasna Bhardwaj said high frequency data suggests robust growth across the board. Also, trade and hotels have held up in the fourth quarter.
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