The GDP growth was 6.3 per cent in the September quarter of 2022-23. The second quarter growth itself was almost half of the 13.2 per cent growth seen in the April-June quarter of the current fiscal.
The Reserve Bank of India (RBI) had suggested a growth rate of 4.4 per cent for the last quarter of 202223; however that projection was based on the annual GDP projection of 6.8 per cent by the central bank.
The first advance estimate of the GDP, released last month, had suggested a 7 per cent growth for 2022-23. According to the second advance estimate released on Tuesday, the 7 per cent growth for the current fiscal has been retained.
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