The Indian economy grow 8.4 percent during the October-December quarter of the current financial year 2023-24 (Q3FY24), according to gross domestic product (GDP) data released by the Statistics Ministry.

Economy Business

The Indian economy grow 8.4 percent during the October-December quarter of the current financial year 2023-24 (Q3FY24), according to gross domestic product (GDP) data released by the Statistics Ministry. GDP at constant (2011-12) prices in Q3 of 2023-24 is estimated at ₹43.72 lakh crore, against ₹40.35 lakh crore in Q3 of 2022-23, showing a growth rate of 8.4 percent. GDP at current prices in Q3 of 2023-24 is estimated at ₹75.49 lakh crore, as against ₹68.58 lakh crore in Q3 of 2022-23, showing a growth rate of 10.1 percent. The RBI had maintained real GDP growth for 2023-24 at 7 percent with Q3 at 6.5 percent and Q4 at 6 percent. The construction sector also grew by 9.5 percent, driving growth in the quarter under review. Public administration, defence and other services posted 7.5 percent growth against 3.5 percent in the third quarter of the last fiscal.


      The manufacturing sector, which for the past decade has accounted for just 17 percent of Asia's third-largest economy, expanded 11.6 percent year-on-year in the December quarter.

      The Statistics Ministry, in its second advance estimate of national accounts, pegged the country's full-year GDP growth at 7.6 percent.

     

 

     


          ____________________________