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SHIRSENDU KARMAKAR

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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

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

SHIRSENDU KARMAKAR

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IMF raises India's GDP growth projection for FY25 by 20 bps to 6.5% The International Monetary Fund (IMF) on Tuesday raised India’s growth projection for financial year 2025 by 20 basis points to 6.5 per cent in its update to the World Economic Outlook (WEO) amid buoyant domestic spending and better global growth prospects. For financial year 2024, the Fund raised the growth estimate for India by 40 basis points to 6.7 per cent compared to its October report. This is lower than the 7.3 per cent growth projected by the National Statistical Office earlier this month. “Growth in India is projected to remain strong at 6.5 per cent in both 2024 (FY25) and 2025 (FY26), with an upgrade from October of 0.2 percentage points for both years, reflecting resilience in domestic demand,” the IMF said in its report. ©SHIRSENDU KARMAKAR #IMF #GDP_Of_India

IMF raises India's GDP growth projection for FY25 by 20 bps to 6.5% The International Monetary Fund (IMF) on Tuesday raised India’s growth projection for financial year 2025 by 20 basis points to 6.5 per cent in its update to the World Economic Outlook (WEO) amid buoyant domestic spending and better global growth prospects. For financial year 2024, the Fund raised the growth estimate for India by 40 basis points to 6.7 per cent compared to its October report. This is lower than the 7.3 per cent growth projected by the National Statistical Office earlier this month. “Growth in India is projected to remain strong at 6.5 per cent in both 2024 (FY25) and 2025 (FY26), with an upgrade from October of 0.2 percentage points for both years, reflecting resilience in domestic demand,” the IMF said in its report. ©SHIRSENDU KARMAKAR #IMF #GDP_Of_India