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GDP growth slides to 4.4% in December quarter of 2022-23

Indo Asian News Service by Indo Asian News Service
01/03/2023
in Business
1 min read
GDP data: Experts can’t trust official statistics, move to other benchmarks
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New Delhi: India’s economic growth fell, for the second consecutive quarter, to 4.4 per cent in October-December period of the current financial year, owing to weak demand and high inflation, as per data released by the Statistics and Programme Implementation Ministry on Tuesday.

The GDP growth was 6.3 per cent in the September-quarter of 2022-23. The second quarter growth itself was almost half of 13.2 per cent growth seen in the April-June quarter of the current fiscal.

The Reserve Bank of India (RBI) had suggested a growth rate of 4.4 per cent for the last quarter of 2022-23, however that projection was based on the annual GDP projection of 6.8 per cent by the central bank.

The first advance estimate of the GDP, released last month, had suggested a 7 per cent growth for 2022-23.

According to the second advance estimate released on Tuesday, the 7 per cent growth for the current fiscal has been retained.

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Indo Asian News Service

Indo Asian News Service

  • Need to change our mindset

    Roscoe Pound’s Theory of Social Engineering

    1172 shares
    Share 469 Tweet 293
  • Laboratory bearers working in School Education department demand promotion

    803 shares
    Share 321 Tweet 201
  • WWD-2023: KU organises workshop on ‘Water and Sanitation’

    494 shares
    Share 198 Tweet 124
  • Many industries coming up in J&K: LG

    494 shares
    Share 198 Tweet 124
  • Kashmir own reality show Koun Banega Lakhpati creates buzz on social media

    501 shares
    Share 200 Tweet 125
  • Visit Srinagar’s Tulip Garden, savour J&K’s hospitality: PM urges people

    555 shares
    Share 222 Tweet 139
  • Garbage dumping at Jhelum banks goes unabated, authorities in slumber

    549 shares
    Share 220 Tweet 137
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