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GDP growth rate accelerated to 8.4% in Q3FY24; FY2

GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6% In the previous quarter, it was 7.6 per cent and 7.8 per cent in the July quarter India's Gross Domestic Product (GDP) growth rate in the quarter ending December 31, 2023 (Q3FY24) was 8.4 per cent, according to the data released by the Centre on Thursday. This is higher than the Reserve Bank of India's (RBI's) estimate of 6.5 per cent, according to National Statistical Office (NSO) of Ministry of Statistics and Programme Implementation (MoSPI). Indian economy remained resilient with robust 7.6 per cent growth rate of GDP in FY 2023-24 over and above 7 per cent growth rate in FY2022-23 Double-digit growth rate of construction sector (10.7 per cent), followed by a good growth rate of Manufacturing sector (8.5 per cent) have boosted the GDP growth in FY 2023-24 ©SHIRSENDU KARMAKAR #GDP_OF_INDIA
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