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Breaking News | India Sees 2022-23 GDP Growth At 7% | Q3 GDP At 4.4% | Economy | Mirror Now
Posted
February 28, 2023
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4:25Now PlayingBreaking News: Due to sluggish demand, the first official estimate provided by the Statistics Ministry on Friday projects that India's gross domestic product (GDP) growth will slow to 7% in the current fiscal year ending in March 2023. India's GDP increased by 8.7% between 2021 and 2022. If the National Statistical Office's (NSO) prediction comes true, India's GDP growth will be less than the 7.6% expansion Saudi Arabia is predicted to have. The predictions are higher than the Reserve Bank's 6.8% prediction even though they are substantially below than the government's prior forecast of 8–8.5% growth. The NSO estimated that the manufacturing sector's output would slow to 1.6% from a 9.9% increase in FY22. Comparable estimates place mining industry growth at 2.4% in the current fiscal year against 11.5% in 2021–22. Listen In!
#india #grossdomesticproduct #fiscalyear #sluggishdemand #NSO #manfacturingsector #economy #indianeconomy#statisticsministry #mirrornow #breakingnews
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