Accordingly prime minister Modi has said that the growth in GDP shows the strength of the indian economy. India's gross domestic product (GDP) has seen a growth of 7.6 per cent in the second quarter of the current financial year 2023-24, i.e. July-September quarter. Data released by the National Statistics office (NSO) indicated that this was higher than the expectations of economic analysts.
Even as economists had predicted the country's economy to grow by 6.5 to 6.7 percent in the september quarter, India's GDP recorded a higher reading than that. In particular, cement, coal, crude oil, electricity, fertilizers, natural gas, refined products and steel sectors have recorded high growth.
Prime Minister Modi said on his X page, “The GDP growth numbers for the second quarter show the resilience and strength of the indian economy amid such testing times globally. We are committed to ensuring faster growth to create more opportunities, eradicate poverty faster and 'make life easier' for our people.” Earlier, India's GDP crossed USD 4 trillion for the first time on november 19. india has crossed a significant economic milestone, reaching a gross domestic product (GDP) of more than $4 trillion for the first time. Also, india is projected to reach a GDP of $7.3 trillion by 2030.