X: @the_news_21
The Indian economy has once again demonstrated its resilience and vigor, with a remarkable growth rate of 8.4% during the October-December quarter of the current financial year 2023-24. This stellar performance has surpassed all forecasts, underscoring the nation’s robust economic fundamentals and potential for sustained growth.
A key driver behind this impressive growth trajectory has been the double-digit expansion in the Manufacturing sector, which recorded a remarkable growth rate of 11.6%. Additionally, the construction sector exhibited strong growth, contributing significantly to the overall economic momentum with a growth rate of 9.5%.
In a statement, the government highlighted that the Gross Domestic Product (GDP) at constant (2011-12) prices in Q3 of 2023-24 stood at ₹43.72 lakh crore, compared to ₹40.35 lakh crore in the same period of the previous year, reflecting a substantial growth rate of 8.4%.
Looking ahead, the Ministry of Statistics has projected a GDP growth rate of 7.6% for the entire fiscal year 2023-24, surpassing the growth rate of 7.0% recorded in the previous fiscal year. This optimistic outlook underscores confidence in the economy’s ability to maintain its growth trajectory and overcome prevailing challenges.
The latest quarterly GDP growth rate of 8.4% marks the highest figure in the last seven quarters, signaling a robust recovery and resurgence of economic activity. While the first quarter of 2022-23 witnessed GDP growth of 13.1%, this was subsequently revised down to 12.8%, making the current growth rate even more noteworthy.
In terms of absolute figures, the real GDP for the year 2023-24 is estimated to reach ₹172.90 lakh crore, compared to the First Revised Estimates (FRE) of GDP for the previous year, which stood at ₹160.71 lakh crore. This upward trajectory reflects the economy’s trajectory towards higher levels of output and productivity.
The strong economic performance in Q3 FY23-24 follows a robust growth rate of 7.6% recorded in the July-September quarter, and 7.8% in the April-June quarter, indicating sustained momentum and resilience across sectors.
Despite earlier concerns about poor performance in the farm sector, forecasts by the Economic Research Department of the State Bank of India proved conservative, with actual GDP growth outpacing expectations and showcasing the economy’s ability to overcome challenges and thrive.
As India continues its journey towards economic recovery and growth, the latest GDP figures serve as a testament to the nation’s enduring strength, dynamism, and potential to emerge as a global economic powerhouse.
Also Read: Miss World 2024 Contestants Make History with Visit to Mumbai’s Dadar Area
cost of clomid without a prescription where to get generic clomid no prescription can you get cheap clomiphene without rx cost generic clomiphene for sale cheap clomid online where to buy generic clomid tablets can i purchase generic clomid online
This is the make of enter I unearth helpful.
More posts like this would force the blogosphere more useful.
azithromycin 500mg us – order ofloxacin 200mg pills metronidazole brand
buy generic semaglutide 14 mg – buy semaglutide pills for sale cheap cyproheptadine 4 mg
order motilium 10mg online cheap – order tetracycline order cyclobenzaprine 15mg generic
augmentin 1000mg usa – atbioinfo.com buy ampicillin online
buy nexium 40mg online – nexium to us buy cheap esomeprazole
order coumadin 2mg online – coumamide buy cozaar for sale
meloxicam 15mg ca – tenderness meloxicam pills
deltasone pills – https://apreplson.com/ prednisone 10mg without prescription
buy ed pills generic – fast ed to take buy ed pills sale
cheap amoxil online – comba moxi buy amoxil online
order fluconazole 100mg sale – site how to get fluconazole without a prescription
lexapro pills – buy generic lexapro online order lexapro 20mg generic
oral cenforce 100mg – https://cenforcers.com/# cenforce cost
purchase cialis online – https://ciltadgn.com/ cialis prescription assistance program
blue viagra pill 100 – https://strongvpls.com/ herbal viagra sale uk
With thanks. Loads of conception! prednisolona gatos para que sirve
This is a theme which is forthcoming to my heart… Diverse thanks! Quite where can I find the contact details in the course of questions? https://buyfastonl.com/furosemide.html
This is a topic which is forthcoming to my verve… Many thanks! Unerringly where can I lay one’s hands on the contact details due to the fact that questions? https://ursxdol.com/amoxicillin-antibiotic/
More posts like this would add up to the online play more useful. https://prohnrg.com/product/cytotec-online/
This is the kind of serenity I have reading. https://aranitidine.com/fr/viagra-professional-100-mg/
This website really has all of the tidings and facts I needed about this thesis and didn’t positive who to ask. https://ondactone.com/spironolactone/
This is the kind of scribble literary works I rightly appreciate.
buy avodart paypal
buy dapagliflozin pills – forxiga where to buy order forxiga 10mg without prescription
xenical brand – https://asacostat.com/ buy generic orlistat 120mg
Greetings! Very serviceable advice within this article! It’s the little changes which liking espy the largest changes. Thanks a lot for sharing! http://shiftdelete.10tl.net/member.php?action=profile&uid=205511
You can conserve yourself and your dearest close being wary when buying prescription online. Some pharmacy websites control legally and sell convenience, privacy, cost savings and safeguards to purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/tadapox.html tadapox
The thoroughness in this piece is noteworthy. TerbinaPharmacy
This website positively has all of the information and facts I needed about this thesis and didn’t identify who to ask.
Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.
iwin – nền tảng game bài đổi thưởng uy tín, nơi bạn có thể thử vận may và tận hưởng nhiều tựa game hấp
Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.
Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.