Finance Ministry Forecasts Strong Indian GDP Growth in 2023-24 Following Robust Q2 Data

The finance ministry is optimistic about the Indian economy’s performance in the fiscal year 2023-24, anticipating a growth rate that will comfortably surpass the earlier forecast of 6.5 percent.

The positive outlook comes in the wake of the impressive data for July-September, which revealed a GDP growth rate of 7.6 percent, outperforming economists’ predictions of 6.8 percent.

The Reserve Bank of India (RBI) subsequently revised its growth projection for 2023-24 to 7.0 percent, reflecting confidence in the nation’s economic trajectory.