NEW DELHI: India’s economy grew by 7.2 percent with the gross domestic product (GDP) growing by 6.1 percent in the fourth quarter of the last fiscal. After two consecutive quarters of decline, GDP growth in the January-March quarter had picked up. The third quarter (October-December) saw growth of 4.5%.
The RBI expects this year to be slightly lower than the overall growth rate of 9.1 percent in 2022-23. The Reserve Bank had estimated seven per cent GDP growth in FY 2022-23. Reserve Bank Governor Shaktikant Das said he would not be surprised if the growth rate was higher than expected.
The trade, hotels and transport sectors recorded the greatest growth. Their growth rate is 14 percent.
English Summary: Q4 GDP Growth Rises To 6.1% After Falling For Two Quarters