DelhiDesk The National Statistical Office (NOS) has released the latest figures of India’s GDP, showing a growth of 6.1 percent in the January-March 2023 period compared to 4.4 percent in the previous quarter. The GDP growth rate for the entire financial year 2022-23 has been 7.2 percent. Experts have reacted positively to these figures, with some noting the resilience of the Indian economy despite the global slowdown. However, concerns about the stability of non-agriculture growth and sluggish consumption remain. GDP is an important data for any country, showing the complete picture of the economy. Real GDP and Nominal GDP are the two types of GDP.
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– The National Statistical Office (NOS) released India’s latest GDP figures
– India registered a GDP growth of 6.1% in January-March 2023 period compared to 4.4% in the previous quarter
– India’s GDP growth rate for the entire financial year 2022-23 was 7.2%
– Experts have reacted positively to the GDP figures, citing the resilience of the Indian economy and increased volume of exports
– Real GDP and Nominal GDP are two types of GDP, with real GDP calculated on the base year’s value
– The country’s fiscal deficit for FY23 stood at 6.4% of GDP
– IMF estimates that India will remain number 1 in the world for GDP
– Economists are happy with GDP figures and believe India’s economy is showing strength
– The article was first published on May 31, 2023, at 20:16 [IST]
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