GDP growth likely to be 6.7% in Q4; 7% in FY24: Ind-RA
cnbctv18.com
India
20-05-2024
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The GDP numbers for the fourth quarter (January-March 2024) and the provisional estimates for the 2023-24 fiscal are scheduled to be released by the government on May 31.
India Ratings and Research expects the country's GDP growth rate for the March quarter at 6.7% and around 6.9-7% for the 2023-24 fiscal, its principal economist Sunil Kumar Sinha said. The GDP numbers for the fourth quarter (January-March 2024) and the provisional estimates for the 2023-24 fiscal are scheduled to be released by the government on May 31.
The Indian economy grew 8.2% in the June quarter, 8.1% in the September quarter and 8.4% in the December quarter of 2023-24. "We are expecting the fourth quarter growth to be 6.7% and the overall GDP growth for FY24 to be around 6.9-7%," Sinha told.