Highlights

GDP growth for the October to December quarter (Q3) of the current financial year came in at 4.4% more or less in line with estimates
This compares to 6.3% GDP for the quarter ending September 2022

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Explained: India's GDP grows 4.4% in Q3 FY23

Name: Explained: India's GDP grows 4.4% in Q3 FY23
Uploaded: 2023-02-28T20:48:22.000+05:30
Duration: T01M40S
Channel: Editorji News Desk
Description: The government has kept the GDP estimate unchanged at 7% for the full financial year 2022-23

The government has kept the GDP estimate unchanged at 7% for the full financial year 2022-23

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Explained: India's GDP grows 4.4% in Q3 FY23

India's economic growth slowed down to 4.4 per cent in the third quarter of 2022-23 mainly due to poor performance of the manufacturing sector.

In October-December 2021, the economy grew by 11.2 per cent and by 6.3 per cent in the July-September 2022 quarter, according to data released by the National Statistical Office (NSO) on Tuesday.

The NSO in its second advance estimate of national accounts pegged the country's growth at 7 per cent for 2022-23.

Besides, the NSO revised the GDP growth for 2021-22 to 9.1 per cent against the earlier estimate of 8.7 per cent.