 "India’s April-June GDP growth at 7.8%, highest in 4 quarters; more than US, UK, China, Germany")
India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period, as per the National Statistical Office (NSO) data released on Thursday. India remains the fastest-growing major economy as China’s GDP growth in the April-June quarter was 6.3 per cent. As per the NSO data, the agriculture sector recorded a 3.5 per cent growth, up from 2.4 per cent in the April-June quarter of 2022-23. However, the growth in the manufacturing sector decelerated to 4.7 per cent in the first quarter of the current fiscal compared to 6.1 per cent in the year-ago period. The growth in Gross Domestic Product (GDP) during the January-March quarter of 2022-23 was 6.1 per cent and 4.5 per cent in October-December.
India reported a 7.8% GDP growth in April-June, making it the highest in four quarters. Economists were expecting a 7.7% growth on a YoY basis. The April-June GDP grew 7.8% as against 6.1% in January-March and 13.1% in April-June 2022.
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