June 13, 2025 03:11 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
British gay couple posted 'Goodbye India' video before boarding doomed Air India flight | Doctor couple's final selfie with 3 children on ill-fated Air India flight goes viral | After over a billion passengers flown, Air India crash ends Boeing 787 Dreamliner’s fatality-free run | Air India flight with 242 on board crashes moments after takeoff in Ahmedabad, all dead except one | Ex-Gujarat CM Vijay Rupani among 242 killed in Air India crash near Ahmedabad | Telangana engineer, who worked on Kaleshwaram irrigation project, held in disproportionate case | 'If guilty, she must be hanged': Sonam Raghuvanshi's brother on Meghalaya murder | 'Deal with China done': Donald Trump announces agreement on rare earths, student visas | 'Funding Pakistan means funding infrastructure of terrorism': Rajnath Singh | Modi meets members of Operation Sindoor outreach delegations, lauds them for voicing India's stand
Indian economy
Image credit: Pixabay

India's GDP grows by 13.5 pc in April-June quarter of FY23

| @indiablooms | Sep 01, 2022, at 12:37 am

New Delhi: India's GDP grew at a rate of 13.5 percent in the April-June quarter in FY23 compared to the previous quarter (Jan-March),  according to the data released by the National Statistical Office (NSO) on Wednesday.

This is the highest growth in a quarter since the GDP grew at 20.1 percent in the April-June quarter of 2021.

However,  13.5 percent of GDP growth is lower than predicted by RBI as well as economists and analysts.

The RBI had pegged the growth rate to be around 16.2 percent in the April-June quarter.

A Reuters poll of economists had predicted the economy would grow 15.2 percent year-on-year in the April-June quarter.

State Bank of India, in its report, had projected the growth rate at 15.7 percent for April-June 2022.

The data shows that the manufacturing sector grew at 4.8 percent as compared to 4.9 percent in the same quarter last year.

The agriculture sector saw a growth of 4.5 percent versus 2.2 percent on a year-on-year basis, the report showed.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm