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India’s GDP grows 7.6% in Q2

Agri sector slows down to 1.2%, while mfg sector accelerated to 13.9%

India’s GDP grows 7.6% in Q2

Retaining Fastest-Growing Tag

  • India remains fastest growing economy
  • China’s GDP growth in Sept qtr was 4.9%
  • Indian economy grows 7.7% to Rs71.66 lakh cr in H1/FY24
  • It’s 9.5% in H1/FY23

New Delhi: India’s economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday. The gross domestic product (GDP) expanded by 6.2 per cent in the July-September quarter of 2022-23. India remained the fastest-growing major economy, as China posted a 4.9 per cent growth in July-September 2023. According to the National Statistical Office (NSO) data, the agriculture sector GVA (Gross Value Added) growth decelerated to 1.2 per cent in the September 2023 quarter from 2.5 per cent a year ago.

The expansion in financial, real estate and professional services’ GVA was 6 per cent, down from 7.1 per cent in the year-ago quarter. The GVA in the manufacturing sector showed a growth of 13.9 per cent in the second quarter of the current fiscal compared to a contraction of 3.8 per cent in the year-ago period.

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