India's GDP growth rate is expected to slow to 7.6% in Q2FY24
National
The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24 (Q2FY24) and remained the world's fastest growing major economy, according to gross domestic product (GDP) data. 'Real GDP or GDP at constant (2011-12) prices is estimated to reach ₹41.74 lakh crore in Q2 2023-24, compared to ₹38.78 lakh crore in Q2 2022-23, showing a growth of 7.6 per cent. Is. Economists expect growth to slow down in the second quarter of this fiscal year compared to the previous quarter, where it recorded a strong growth of 7.8 percent. In the forecast data of the Reserve Bank of India (RBI), the GDP growth rate for the September quarter has been estimated at 6.5 percent. India's growth will give the RBI room to focus on food inflation, which it kept on hold for the fourth consecutive policy meeting in October, which it believes is uncomfortably high.
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