GDP Data India GDP In Q3 FY 23 Is At 4.4 Percent Indian Economy Growth Slows

GDP Data For 3rd Quarter FY23: During the third quarter of the financial year 2022-23 from October to December, the country’s economy has grown at the rate of 4.4 percent. Whereas in the third quarter of the last financial year 2021-22, the GDP was 5.4 percent. The GDP figure announced for the third quarter is less than that of the second quarter of the current financial year. In the second quarter, the Indian economy had grown at a rate of 6.3 percent. Whereas in comparison, the pace of economic growth has been slow in the third quarter.

The Ministry of Statistics & Program Implementation has projected the economic growth rate to be 7 percent in the financial year 2022-23. While the GDP in the financial year 2021-22 was 9.1 percent. Also, while releasing the GDP figures, the ministry said that in the third quarter of the financial year 2022-23, the GDP reached Rs 40.19 lakh crore, which stood at Rs 38.51 lakh crore in the same quarter last year. At the same time, the nominal GDP is estimated to be Rs 272.04 lakh crore in 2022-23, which is 15.9 percent more than Rs 234.71 lakh crore in 2021-22.