As per State Bank of India (SBI) report 'Ecowrap', GDP growth for the current financial year (FY24) could be within striking distance of 8 percent.

Economy Business

As per State Bank of India (SBI) report 'Ecowrap', GDP growth for the current financial year (FY24) could be within striking distance of 8 percent. The economy grew 8.4 percent in the third quarter of 2023-24 after exhibiting more than 8 percent growth in the preceding two quarters. The buoyancy in indirect tax mop-up (32 percent year-on-year growth), gap between Gross Domestic Product (GDP) and Gross Value Added (GVA) growth widened. For fiscal 2023-24 GDP growth is expected to increase 7.6 percent and GVA growth by 6.9 percent. Fourth quarter GDP growth is expected at 5.9 percent. With the revisions, the GDP growth during April-December works out to be 8.2 percent.


      The National Statistical Office (NSO) has revised GDP estimates for the first and second quarters of this fiscal to 8.2 and 8.1 percent from 7.8 percent and 7.6 percent, respectively.

     

     

 

     


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