GDP Data Of October-December Quarter Will Release Today By Government

GDP Data Today: Today the situation can be cleared regarding the actual economic condition of the country. The central government will release the figures of India’s GDP or economic growth rate in the third quarter of the financial year 2023 today. Today, on February 28, the picture of GDP figures for the October-December 2022 quarter of the financial year 2023 will be revealed, so that it will be able to find out whether the economic condition of the country is good or there will be a concern on it. For the future too, it will be known about the focus that what kind of plan the government is thinking of working on.

What was the economic growth rate in the July-September quarter

In the second quarter of FY 2023 i.e. July-September quarter, the country’s economic growth rate was at 6.3 percent. Today, the effect of the country’s third quarter GDP figures will also be seen on the sentiment of the stock market and ups and downs can be seen in the market. Significantly, in the first quarter of the financial year 2023 i.e. April-June quarter, the country’s GDP rate was in double digits. The main reason behind this was that there was a big decline in India’s GDP during the Corona period and during the first quarter, there was a phase of complete opening of the Indian economy, the effect of which was seen in the form of better GDP figures.

What was the economic growth rate in April-June

In the April-June quarter (Q2FY23) of the financial year 2023, the country’s GDP had grown in an unexpected way and it came to 13.5 per cent.

What are experts’ predictions for the October-December quarter?

Financial experts say that the signs for India’s GDP in the October-December quarter are not very encouraging. The reason behind this is that economic activities have been seen increasing unevenly in this quarter and the growth momentum has been a bit slow. However, experts also say that a significant improvement can be seen in the agriculture sector in the second quarter.

Economic experts are also of the opinion that the effect of weak demand will be seen on the growth momentum in the October-December quarter and the impact of the country’s central bank Reserve Bank of India’s (RBI) aggressive stance and rate hike can be seen on growth. .

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