- BEATS RBI'S ESTIMATE OF 6.5%; WELL ON TRACK FOR 6.7% GROWTH IN FY24
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MANUFACTURING, CONSTRUCTION LEAD THE CHARGE; SERVICES, AGRI LOSE STEAM
These figures signalled that economic recovery was well underway in Asia's third-largest economy, despite the current adverse geopolitical situation. While the Reserve Bank of India (RBI) had projected GDP growth of 6.5 per cent for the second quarter of FY24, a Reuters poll of economists estimated it to be slightly faster, at 6.8 per cent.
"The GDP growth numbers for Q2 display the resilience and strength of the Indian economy in the midst of such testing times globally. We are committed to ensuring fast-paced growth to create more opportunities, rapid eradication of poverty and improving 'Ease Of Living' for our people," Prime minister Narendra Modi posted on X.
This story is from the December 01, 2023 edition of Business Standard.
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This story is from the December 01, 2023 edition of Business Standard.
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