In accordance with an announcement, the expansion in actual GDP throughout 2023-24 is estimated at 7.3 per cent in comparison with 7.2 per cent in 2022-23.
The Indian economic system is estimated to develop at 7.3 per cent in 2023-24 in opposition to 7.2 per cent within the earlier fiscal, the Nationwide Statistical Workplace (NSO) stated on Friday in its first advance estimates of nationwide accounts.
Releasing the primary advance estimates of Nationwide Revenue for 2023-24, the NSO stated, “Actual GDP or GDP at Fixed (2011-12) Costs within the 12 months 2023-24 is estimated to achieve a degree of Rs 171.79 lakh crore, as in opposition to the Provisional Estimate of GDP for the 12 months 2022-23 of Rs 160.06 lakh crore, launched on thirty first Might 2023”.
In accordance with an announcement, the expansion in actual GDP throughout 2023-24 is estimated at 7.3 per cent in comparison with 7.2 per cent in 2022-23.
GDP at present costs within the 12 months 2023-24 is estimated at Rs 296.58 lakh crore in opposition to the provisional estimate of GDP of Rs 272.41 lakh crore for the 12 months 2022-23, launched on Might 31, 2023, it acknowledged.
The expansion in nominal GDP throughout 2023-24 is estimated at 8.9 per cent in opposition to 16.1 per cent in 2022-23, it added.
In December 2023, the RBI raised India’s GDP development charge estimate to 7 per cent for 2023-24 from its earlier projection of 6.5 per cent.
