India's second-quarter GDP growth of 6.3%..!?

Indian economy grew by 6.3% in the July-September quarter. It was 13.5% in the previous quarter. The factors that were favorable during the corona period have now started to decline, whereas the inflation rate has been at its peak. The central bank has been increasing the interest rate and continues to reduce inflation. Meanwhile, the official report on the second quarter growth has been released.
In the July-September quarter of last year, India's growth rate was 8.4%. In a report published by the National Statistics Office, economists had predicted that India's GDP growth rate would be more than 6.2%. The data describes the expansion of various sectors such as agriculture and manufacturing in the first quarter. capital expenditure increased by 40% as the central government stepped up spending on infrastructure from roads to railways.Among the major sectors, productivity growth in the agricultural sector increased by 4.6%. Growth in the same manufacturing sector declined by 4.3%. Activity in the construction sector, the largest employment-generating sector, witnessed a growth of 6.6%. Nominal GDP growth is estimated at Rs 65.31 lakh crore in the second quarter. 56.20 lakh crore in the same quarter last year. This shows a growth of 16.2% in the current year, compared to 19% in the previous year.

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india's GDP 6.3%

Sowmiya Sriram

30/11/2022 11:12 PM