GDP growth halved to 6.3% in Sep quarter of current fiscal

GDP growth, relative to pre-Covid levels, to double to 8.0% in Q2 FY2023: ICRA

New Delhi: India’s GDP growth halved to 6.3 percent in September quarter of current fiscal from 13.5 percent growth recorded in June quarter, according to data released by the Ministry of Statistics and Programme Implementation.

The drastic fall in GDP growth in July-September period was mainly due to moderating of a favourable base effect.

The GDP had expanded by 8.4 percent in September quarter of 2021-22, according to data released by the National Statistical Office (NSO).

The Reserve Bank of India bulletin had projected that GDP growth would be estimated at 6.1 to 6.3 per cent in the September quarter of the current fiscal.

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