mospi
By Mohammed Kudrati The Indian economy grew 7.2% in the previous financial year ending March 31 this year, with quarterly growth coming in at 6.1% in last quarter (Q4) of the financial year (January to March 2023), data released by the Ministry of Statistics and Programme Implementation (MOSPI) shows. These yearly numbers have come in marginally above expectations. The official estimate by the government for the full year stood at 7%. Economists told Reuters that the growth rate for the full year would be around 6.8%. However, these economists were only expecting growth in Q4 to be around 5%, ...
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By Mohammed Kudrati India's gross domestic product (GDP) grew 13.5% in the first quarter (April to June) of the ongoing fiscal year (FY23) over the same period last year, data released by the National Statistics Office of the Ministry of Statistics and Programme Implementation shows. The quarterly estimates of the Indian economy saw it being valued at ₹36.85 lakh crores, compared to ₹32.46 lakh crores in the same quarter last year in constant prices (which adjusts for inflation). The numbers missed a growth estimate of 15.2%, according to a poll conducted by Reuters. However, a double-digit gr...
BOOM Live
By Mohammed Kudrati The Indian economy grew 8.4% in the previous financial year ending March 31 this year, and 4.1% in last quarter (Q4) of the financial year (January to March 2022), data released by the Ministry of Statistics and Programme Implementation (MOSPI) shows. These numbers are largely in line with expectations. A Reuters polls of 46 economists put the quarterly growth at 4%, while the second advanced estimate of MOSPI projected the growth to be 8.9% for the previous year. However, this also is the third consecutive quarter of slowing growth. In the second quarter, growth came in at...
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